European Investment Bank buys new Italian RMBS

By Owen Sanderson
15 Dec 2014

The European Investment Bank and Société Générale’s asset backed commercial paper conduit are buying parts of a new residential mortgage backed security for a group of Italian cooperative banks, according to a prospectus filed with the Central Bank of Ireland.

There are two tranches of senior notes, a €50m ($61.42m) A1 and €113.9m A2. 

Société Générale’s Antalis vehicle is buying the A1 notes, while the EIB will buy the A2. The A1 pays 70bp and the A2 pays 95bp over Euribor. ...

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