Citadel ‘A2s’ show primary still has punch

Despite a soft market in secondary trading, and discouraging news from Ireland and Korea, there is still strong demand for Dutch prime RMBS, as shown by F Van Lanschot Bankiers’s Citadel 2010-I. The bank has decided to sell Eu500m of the retained ‘A2’ tranche into market, and aims to launch and price the deal next week or earlier. BNP Paribas, ING, and Rabobank are managing the deal.