Dutch RMBS out in tight market amid BTL legal squeeze

By Tom Brown
15 Feb 2021

A €525.8m Dutch RMBS deal from RNHB backed by buy-to-let loans is out in the market, but at the same time city councils have started introducing limits on BTL purchasing in parts of the Netherlands.

Joint arrangers and warehouse providers Barclays, BNP Paribas, HSBC and Natixis released initial price thoughts for the deal on Monday, guiding the three-year class ‘A’ notes between the high 60bps and 70bp over three-month Euribor.

This is the sixth deal from RHNB,  owned by private equity group CarVal, ...

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