Dutch STS deals flow as Green Storm prices, Venn closes in
Venn Partners is getting ready to price its second Cartesian Mortgages deal to qualify for the ‘simple, transparent and standardised' (STS) label, with senior notes guided by arrangers Venn and BNP Paribas in the high 50bp, and the rest of the capital stack guided in the low to high 100bp range. Obvion, meanwhile, has priced its latest Green Storm RMBS.
Classes ‘E’, ‘S’ and ‘X’ of the Cartesian Mortgage deal have all been retained. The transaction is expected to be priced by Friday. This is the second STS deal from Venn Partners following Cartesian Residential Mortgages Blue. That deal was priced at 52bp over three month
...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Or sign up for a trial to gain full access to the entire site for a limited period.
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
