Thrones price thoughts match secondary

UK homes
By Owen Sanderson
30 Jul 2014

Citi has circulated initial price thoughts on its Thrones 2014 No. 1 RMBS, the second deal it has managed to fund a Mars Capital portfolio. The senior tranche is being shown at 105bp-110b, in line with the 105bp indicated for Thrones 2013-1, and broadly in line with BAML’s Moorgate Funding 2014-1, priced in early May.

Citi saw the Moorgate seniors at around 100bp, though a banker away from the deal said that they were closer to 105bp, where the deal came in primary.

Down the capital stack, the class B notes for Thrones are being are shown at 130bp-135bp, the class C at ...

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