Dutch debut sees Citi planning multi-year RMBS shelf

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By Tom Brown
17 Nov 2020

Citi is planning to issue at least two deals a year from its new Dutch buy-to-let RMBS programme, putting the Jubilee deals on par with the bank’s Canada Square shelf in terms of issuance. Citi released an update for the €213m Jubilee Place 2020-1 on Tuesday, guiding the class ‘A’ notes in the 110bp area.

The initial price thoughts guided the class ‘B’ notes in the high 100bp, the class ‘C’ notes in the mid 200bp and the class ‘D’ notes in the mid 300bp. The class ‘E’ notes are listed as “call desk”.

Jubilee is the first deal in the new shelf, ...

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