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GC Asia
DMPL prices inside guidance, defying woes around Greece
The ‘A1’ tranche on Achmea’s DMPL IX RMBS showed just how insulated Dutch prime RMBS has been from Greek fears, as leads Deutsche Bank and Natixis priced an increased size of Eu253.9m 5bp inside the tight end of the 95bp-100bp guidance.
Unlike Co-op’s Silk Road RMBS, the Greek vote did not delay bookbuilding — leads already had books 2.2 times oversubscribed on Wednesday morning.
"Knowing what was going on in Greece, we couldn’t avoid considering how investors would respond," said Jean-Baptiste Thiery, European head of FI securitisation at Natixis. ...Already a subscriber? Login
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Latest news from FIG
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MuHyp goes long in covereds
15 Jan 2021 -
Société Générale taps Swissies for bail-in paper
15 Jan 2021 -
ECA invites EU legislators to address ‘shortcomings’ in bank crisis rules
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RBC keeps it tight after super-subs cash in
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