Intesa retains €7.5bn RMBS in expectation of ECB repo

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By Tom Brown
03 Dec 2019

Intesa Sanpaolo has fully retained a €7.5bn dual-tranche mortgage transaction, adding to its supply of retained repo collateral for central bank operations.

Brera Sec 2, closed on November 27, is the third ABS deal through the Brera Sec SPV.

A source close to the issuer said that the deal meets the requirements for asset eligibility in the Eurosystem general framework. The €6.65bn senior notes are “expected to be inserted ...

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