Price guidance was issued this week for the three-year notes in Leofric 1, which is the debut RMBS from Coventry Building Society.

According to an Informa Global Markets report, the notes are being talked at 170 basis points over the three-month Libor.

If the notes price at this level, they will be ten basis points within the spreads in which the West Bromwich Building Society priced on Friday. The three-year notes on Kenrick 1 priced at 180 basis points.

Also marketing this week is a new RMBS deal called Darrowby No. 2 plc that is backed by prime mortgages originated by the Skipton Building Society. The single tranche offering has been assigned a preliminary rating of  'Aaa' by Moody's Investors Service

Standard & Poor's said that the three-year, $500 million senior tranche in Aegon's Dutch RMBS deal, Saecure 1 is being talked at 160 to 165 basis points over the three-month Libor. The deal might price by the end of the week.

 

 

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