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.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: