Primary picks up with Delta Lloyd, Nationwide and HSBC
The primary ABS market picked up pace on Thursday as a partially placed prime Dutch RMBS from Delta Lloyd was priced, further details of Nationwide’s Silverstone 2011-1 UK prime RMBS were revealed and HSBC unveiled its UK credit card backed ABS, due to be priced on Thursday afternoon.
Delta Lloyd's Amstelhuys subsidiary priced its 775m Arena 2011-2 BV, a prime Dutch RMBS through joint leads RBS and Rabobank. The dual tranche deal comprised a 155m two year A1 class, rated triple A with Moodys and S&P, priced at three month Euribor plus 125bp, and a 558m
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