SNS Packs Fixed Rate Tranche For Hermes RMBS

SNS Bank’s EUR960 million ($1.24 billion) Holland Mortgage Back Series (HERMES) XVIII Dutch residential mortgage securitization includes a rare preplaced fixed-rate tranche aimed at testing market appetite.

  • 20 Sep 2012

SNS Bank’s EUR960 million ($1.24 billion) Holland Mortgage Back Series (HERMES) XVIII Dutch residential mortgage securitization includes a rare preplaced fixed-rate tranche aimed at testing market appetite.

The new deal comprises two floating-rate tranches along with a fixed-rate class and will be shown to investors Friday, with pricing expected ...

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