Fosse non-put sale on track for Friday price
Barclays Capital, Credit Suisse, Deutsche Bank and Santander will price Alliance & Leicester’s UK RMBS, Fosse Master Issuer 2010-1, today (Friday). On offer are 4.5 year average life scheduled amortisation floating rate tranches in sterling and euros and a 6.9 year soft bullet fixed rate sterling piece. The order book was covered at guidance of 115bp to 120bp during bookbuilding on Thursday, according to investors, with most demand in the euro and fixed rate sterling tranches.
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