Dutch lender elan woninghypotheken priced its Dutch RMBS edml 2018-2 on Thursday, paying 55bp over Euribor for a €307.5m 2.8-year Triple A tranche. The level had been set on Wednesday, and is wide of 50bp area IPTs released earlier in the week. And the spread is more than twice that of Elan's previous RMBS in March, which sold a larger and longer €452.5m 4.2-year senior note at 27bp.
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