US banks back new Arran issue
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US banks back new Arran issue

Royal Bank of Scotland targeted US bank accounts, including JP Morgan, Citi, and perhaps Wells Fargo, when it preplaced £1.58bn equivalent of its Arran 2011-2 RMBS on Monday evening. The UK bank also retained $1.91bn of senior notes, split into tranches with coupons 2.5bp apart.

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