Irish houses

Irish RMBS focus

Category: ABS CLOs RMBS

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European ABS market update

A rare Irish non-conforming RMBS has caught the attention of European ABS market participants, following the deal’s roadshow last week.

“The Dublin Bay Securities senior notes are being talked at around 65bp, with the deal expected to price soon,” says a trader. “In comparison, proper prime senior RMBS paper would typically price at around 12bp or 13bp.”

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