New UK RMBS issuance to be sold to US clients
A handful of prime UK RMBS deals are rumoured to be in the pipeline, along with several prime euro transactions, with issuers said to be targeting US investors while they wait for the fog to clear around new ‘simple, transparent, standardised’ (STS) rules.
Many UK deals in the new issue pipeline are likely to be dollar-denominated and sold to US clients who “do not care as much about various regulations or lack of definitions,” according to a trader speaking with GlobalCapital on Monday.While STS-eligible asset classes have been hobbled by ...
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