SNS Bank’s tightly priced Hermes underscores strengthening ABS demand
The escalating strength of demand for ABS was illustrated on Wednesday when SNS Bank priced the short dated tranche of its Hermes XVIII RMBS at levels well inside where top rated Obvion priced a similar tranche earlier this month.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast