NN insists ECB effect didn't force it to go public with RMBS

By Graham Bippart
08 Apr 2015

NN Group insisted that the European Central Bank’s purchases of securitization did not drive its decision to bring its first publicly placed RMBS deal.

The ECB has purchased nearly €5bn of securitization bonds on the secondary market since the start of that programme late last year. That has helped compress spreads, which many in the market had hoped would spur more issuers to market. NN Group’s recent RMBS transaction, was its third ...

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