Deal of the month

If you are asking were the securities discounted, no they were not," says Justin May head of debt capital markets at ABN Amro. "We sold the paper at 50 basis points over Euribor for the triple-A tranche."

Any deal that reopens the public market for an asset class is going to get attention, both from investors, other issuers and banks, not to mention journalists. May was responding to our query on the pricing of the EUR700 million E-MAC NL residential mortgage-backed securitisation: the first

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