JPM takes ton in Saecure

24 Mar 2011

JP Morgan is once again buying primary market ABS in size, taking Eu1bn of Aegon’s new Dutch prime deal Saecure 10.

The American bank is buying Eu250m of the 1.9 average life A1 notes and Eu750m of the 4.9 year average life A2 notes, leaving just Eu400m to be placed publically. In other recent RMBS, including Skipton’s Darrowby and Veneto Banca’s Claris, JP Morgan has given support via repo ...

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