NIBC to re-ignite Dutch RMBS programme after long dry spell
Following the successful debut issuance of £250m senior preferred bonds last week, NIBC's latest transaction, Dutch MBS XIX, brings them back to the securitization market for the first time since January 2013.
NIBC, rated BBB with a positive outlook by S&P Global Ratings and BBB by Fitch Ratings, had a mortgage book of €9.2bn at the end of the June and has favoured other funding channels over securitization over the past five years.The bank’s securitization programme sits alongside its ...
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