Together sees strong demand for first RMBS
The debut public RMBS from Together Finance, formerly Jerrold Holdings, saw strong levels of oversubscription and tight pricing across the capital stack, once again strong demand and favourable pricing available for issuers in the securitization markets.
The issuer priced £222.75m of senior notes at 100bp over three month Libor, with the notes 1.8 times oversubscribed.
Down the stack, demand was equally robust, with pricing tighter than IPTs across the board and oversubscription levels high.
The most junior tranche sold was five times covered, while
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