Demand for Lanark boosted by dearth of RMBS supply

16 Jul 2012

As the UK's Clydesdale Bank begins its second day of meetings with US investors for its Lanark 2012-2 RMBS, bankers expect the deal to benefit from being potentially the last publicly sold RMBS in the market until September.

Bankers on the deal said Clydesdale’s UK roadshow, put together by lead managers Barclays, Bank of America Merrill Lynch, Citi and National Australia Bank (Clydesdale's parent), garnered a positive response. The leads said that they wanted to launch and price on Thursday, once the US roadshow had finished ...

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