Aegon looks to repeat Storm success as Dutch spreads squeezed

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By Tom Porter
29 Sep 2014

Dutch insurer and mortgage lender Aegon will looking to emulate the success of compatriot Obvion in the RMBS market next week after mandating banks for a roadshow. Obvion set a post-crisis record tight with its latest Storm RMBS last week as investors pile in to European ABS in anticipation of buying from the ECB, which could be launched as early as next week.

ECB president, Mario Draghi promised more detail on ABS purchases would be given at the next monetary policy meeting in Naples on Thursday. Periphery ABS spreads in particular have tumbled since the initial announcement of the purchase programme earlier this month, but cash has also flowed towards the ...

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