ABN Amro priced its €3.9 billion ($5.3 billion) RMBS issue from its Goldfish Master trust program, according to market reports.
The notes, which are backed by home loans guaranteed by the Dutch government, were privately placed with investors.
The three triple-A tranches on offer priced at 67 basis points over the three month euribor, 72 basis points and 75 basis points over, respectively. Each were offered with a 2.9-year average life maturity.
ABN Amro also issued €7.1 billion ($9.6 billion) of notes from its Dolphin Master Issuer RMBS vehicle, although the notes were fully retained by the bank.
"ABN AMRO has a few Dutch RMBS programs that it has issued," a market analyst said. "The structures are pretty much the same, though some of the older deals were more likely to have substitution periods. These are less likely now given the scrutiny by investors with the goal of keeping as much certainty as possible."
