Banca Popolare di Vicenza got a warm welcome for its first residential mortgage securitization in three years. The deal,  Berica ABS 3, was upsized to €1.9 billion from €929 million originally, and it priced at spreads inside of intital talk.

The deal's five-year, €835 million ($1.36 billion) senior tranche priced a 105 basis points over the three month Euribor, according to a Standard & Poor’s report, which cited pricing information provided by Informa Gloabl Markets.  Initial price talk on the notes was in the area of 115 basis points.

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