Green Apple Dutch RMBS doesn't fall far from the tree
Argenta Spaarbank is issuing a new Dutch residential mortgage securitization via arranger ABN Amro. It has three tranches backed by Dutch owner-occupied mortgages and is structured in a similar fashion to the issuer’s previous deals.
Green Apple 2019-2, which has a notional amount of €690.6m, will offer a senior tranche with a coupon of 40bp over three month Euribor and two unrated tranches. DBRS and Fitch gave the class ‘A’ notes the provisional ratings of AAA.The deal will also be compliant ...
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