Paragon euros preferred as price stickiness persists

By Tom Porter
16 Mar 2015

Investors have shown a slight preference for the euro portion of Paragon’s latest buy-to-let RMBS, while guidance on the sterling portion is 5bp wide of its last deal.

Paragon is selling identical €150m (£107m) Class A1 and £151.5m Class A2 notes at the top of Paragon 22. Both tranches are rated AAA/Aaa with 3.77 year weighted average lives and 13% credit enhancement.

However, investors the euro tranche had attracted more interest by Monday morning, with the ...

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