ECB did not drive NN into public RMBS

By Tom Porter
09 Apr 2015

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

The ECB has purchased nearly €5bn of securitized bonds on the secondary market since the start of its 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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