Sentiment dive fails to sink ABN Amro’s Dolphin

By Tom Porter
16 Oct 2014

ABN Amro priced its €500m five year Dolphin RMBS at the tight end of guidance on Wednesday morning, demonstrating the relative resilience of core ABS to a broader market slump and placing the trade directly between recent prints from Dutch rivals Aegon and Obvion.

With European equities flashing red all week as geopolitical concerns and fears for the strength of the global economic recovery persisted, ABN Amro priced its single €500m no-grow five year tranche at 37bp over three month Euribor through its own investment bank, BNP Paribas, Deutsche Bank and JP ...

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