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The deal consists of three underlying trades with 856 mortgage loans.
The deal is the first European RMBS to include bridging loans
George Smith talks to Tom Hall about a run of giant ABS deals, and to Thomas Hopkins about whether changes to Solvency II will bring insurers flocking back to securitization.
More articles
More articles
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Fears of widening spreads will force issuers to market
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Market could finally emerge from the shadows of 2008
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Deals were priced on Thursday amidst wider market fragility
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Developing sector still weighed down by complexity
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The RMBS transaction, the first UK prime deal in a year, was one of three to be priced on Friday
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ABS market is on fire but unlikely to maintain this pace of issuance for long even though some in the market expect a big year for volumes
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West One Secured Loans’ Elstree Funding 2 is second UK RMBS of 2022
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Deutsche Bank strikes cautious tone in outlook for European ABS
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Angel Oak is marketing a residential mortgage backed transaction backed predominantly by non-qualified mortgage loans, the seventh deal of its kind this year.