Arianna ABS to be sold in secondary market bid list

By Joseph McDevitt
20 Feb 2014

A large clip of Italian consumer loan ABS bonds will hit the secondary market through a bid list on Friday as accounts seek to take advantage of strong interest in Italian paper.

The bonds are part of a consumer loan securitization called Arianna SPV that was put together for Consum, a fully owned subsidiary of Banca Monte dei Paschi di Siena.  

The €569m deal, which consists of three fixed rate tranches, closed in late December. The entire capital stack ...

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