RZB Austria auto loan gets the tightest Russian spreads

RZB Austria’s debut securitisation of Russian mortgages achieved the tightest pricing yet for the country.

Roof Russia SA, lead managed by RZB and JP Morgan, was the first Russian securitisation to break the 100bp barrier – its $130m A3/A- rated senior tranche came inside guidance of 100bp-105bp over Libor ...