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The private equity giant previously did RMBS deals from its BINOM shelf.
Deal priced with 3bp premium to ING's Green Lion 2026-1
Specialist lender revives mixed Elstree shelf, after two first lien RMBS trades in 2025
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Friesland Bank is tendering for bonds in several of its Stichting Eleven Cities Dutch residential mortgage securitizations at or above par, which could see the Netherlands-based mortgage lender take control of the majority of the outstanding bonds.
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The Netherland’s Friesland Bank has offered to buy back five Stichting Eleven Cities RMBS at or above par, potentially enabling the lender to redeem the bonds early without the need for consent of other noteholders.
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Moody’s Investors Service said Monday the U.K. Financial Services Authority’s new rules on mortgage affordability, which take effect April 2014, will boost U.K. prime residential mortgage-backed securities among investors in the long-term.
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UK buy-to-let mortgage provider Paragon Group has renewed and expanded its mortgage warehouse facility with Macquarie Bank, allowing for larger issuance when it comes to market next year.
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Hurricane Sandy set back the strong pace of issuance in the structured finance markets that has characterized recent months.
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Virgin Money is set to return to the U.K. residential mortgage-backed market later this month with Gosforth 2012-2, its second RMBS deal this year.
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All the class ‘A’ noteholders in NIBC’s Sound 1 RMBS have opted to hold on to their bonds, the bank said on Tuesday, in announcing the results of its tender offer. Analysts praised the bank for the way it carried out the exercise.
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A clearer picture of the scale of distressed Irish mortgages has emerged after Allied Irish Banks revealed that up to 10,000 of its most distressed borrowers will probably need long-term refinancing solutions, including possible debt write-offs.
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Virgin Money, the bank that acquired Northern Rock’s performing mortgage book, is gearing up for a second RMBS this year from its Gosforth programme. It will be the first publically sold RMBS from a UK issuer that has signed up to the Bank of England’s Funding for Lending Scheme (FLS), showing that the cheap central bank money won’t put a stop to new deals.