ALBA RMBS and Alba ABS cross the line

By Graham Bippart
20 Apr 2015

The ABS pipeline was buzzing with new deals last week, with one UK non-conforming RMBS priced on Friday in the public market, as well as a tranche of an Italian lease ABS.

ALBA 2015-1, which is backed by mortgages originated at the height of the real estate bubble, was nearly entirely placed with third-party investors, apart from a £5.469m ‘Z class’ of bonds and a £8.204m subordinated tranche, together representing ...

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