Arena RMBS takes price lead from Saecure

Leads on Delta Lloyd’s Arena 2012-1 RMBS started taking indications of interest on Thursday morning at similar spread levels to Aegon’s Saecure 12, which was the tightest Dutch RMBS issue since the crisis.

  • 30 Nov 2012

Barclays and Rabobank put out price thoughts for Arena of 60bp-65bp over three month Euribor for the €154m two year ‘A1’ tranche and 120bp area over for the €490m five year tranche. They plan to launch and price the deal on Friday.

The deal is backed by €700m ...

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3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
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