EMEA

摘要

Ge Money Bank France cleared its debut prime RMBS last week, sweetening the deal for mezzanine buyers after tight initial price thoughts generated lacklustre demand for the riskier notes in the deal. The group's €850m sapphireone 2016-1 deal printed €702.9m in 2.25 year Triple A notes at 50bp over three-month Euribor, in line with guidance but at the wide end of 45bp-50bp initial price thoughts. The tranche was more than fully covered, according to an update.