Breakthrough for RMBS as investor appetite drives Italian primary renaissance

Italy housing protest
By Tom Porter
03 Apr 2014

Securitization bankers rejoiced this week as Veneto Banca laid the ground for the first public Italian RMBS syndication in nearly three years, and they believe the bank’s mid-tier compatriots have a big role to play in reviving volume in the market.

“I’m surprised we haven’t seen more public issuance from the Italian RMBS space over the last few years,” Dipesh Mehta, European ABS analyst at Barclays, told GlobalCapital. “There is certainly demand for it and investors are pretty happy with the term exposure. What we have seen in the ...

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