Northview UK RMBS joins November deal flow
New issue euro ABS announcements have slowed to a trickle in November. Deals still making their way through the pipeline include two CMBS deals – Arrow 2018 and Oranje ELOC 32 – a UK credit card ABS, a Spanish SME CLO and a student loan ABS deal. On Monday, Northview Group added to those deals with a £327m non-conforming RMBS transaction.
Northview recently priced its €600m Finsbury Square deal – a non-conforming RMBS – at the end of October. It placed tranches from triple-A class ‘A’ down to split rated A-/Baa1 class ‘D’, with prints of 95bp and 260bp over three month Euribor, respectively.At €22bn, UK RMBS issuance ...
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