ABS stalwarts circulate price thoughts

By Owen Sanderson
23 Sep 2014

ABS market stalwarts Obvion and Volkswagen Financial, the most regular issuers in the European market, both have updates out for new deals this week.

Initial price thoughts on Obvion’s Dutch RMBS Storm 2014-III, via Citigroup and Rabobank International, were 30bp-35bp for the fast pay 1.9 year A1 and 40bp-45bp for the slow pay five year A2 note, the only two offered tranches. The deal is unlikely to price before Thursday, as investors ...

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