NIBC Prices Dutch RMBS

02 Jun 2011

NIBC has priced its €750 million ($1.05 billion) residential mortgage-backed trade, Dutch MBS XVI, with demand for the shorter-dated tranche twice outstripping supply.

—Hugh Leask

NIBC has priced its €750 million ($1.05 billion) residential mortgage-backed trade, Dutch MBS XVI, with demand for the shorter-dated tranche twice outstripping supply.

The 1.9-year A1 bond, sized at €221.2 million ($309.7 million), covered at the tighter end of guidance at 1-month EURIBOR plus 110 bps. Pricing last ...

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