Leeds preps Albion RMBS against difficult backdrop
Leeds Building Society is gearing up for its debut public issue from its Albion prime residential mortgage securitization shelf, in what will be only the fourth piece of UK RMBS issued this year.
Leeds was widely expected to launch a fully syndicated Albion debut around this time last year, but the start of the Bank of England’s Funding for Lending Scheme meant the building society opted to fully retain Albion 1 in August 2012.
Albion 2 will offer investors triple-A rated
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