Nationwide Rolls Out £14 Bln RMBS

Nationwide, the U.K. building society, has structured a huge £14 billion ($26 billion) residential mortgage-backed securitization.

  • 18 Sep 2008
--Alex Sebastian

Nationwide, the U.K. building society, has structured a huge £14 billion ($26 billion) residential mortgage-backed securitization. Silverstone Master Issuer Series 2008-1 is the first securitization from the new Silverstone master trust.

The notes are being issued in a single class A series rated AAA by Fitch Ratings. ...

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1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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