CAM doubles up with prime RMBS, finds resistance at 8bp but draws Eu4.5bn orders

CAM doubles up with prime RMBS, finds resistance at 8bp but draws Eu4.5bn orders

Caja de Ahorros del Mediterraneo launched its fourth securitisation of residential mortgages this week, raising almost twice as much cash as it did with its previous issue in January 2004. Leads Calyon, JP Morgan and SG priced the Eu2bn deal at the tight end of guidance of 9bp-10bp, attracting an or...

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Veröffentlicht in:Euroweek 2005-03, p.1
Format: Artikel
Sprache:eng
Schlagworte:
Collateral
Credit ratings
Mortgage backed securities
Mortgage banks
Mortgages
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Zusammenfassung:Caja de Ahorros del Mediterraneo launched its fourth securitisation of residential mortgages this week, raising almost twice as much cash as it did with its previous issue in January 2004. Leads Calyon, JP Morgan and SG priced the Eu2bn deal at the tight end of guidance of 9bp-10bp, attracting an order book of Eu4.5bn. Over 75 investors participated in the triple-A notes, which were priced at 9bp. 12 investors participated in the single-A paper at 24bp over Euribor.
ISSN:0952-7036