Virgin Money spurns FLS to issue RMBS
Virgin Money, the bank that acquired Northern Rock’s performing mortgage book, opened books for its Gosforth 2012-2 on Wednesday. The RMBS transaction shows the publicly syndicated ABS issuance can still make sense despite the cheap funding offered by the Bank of England’s Funding for Lending Scheme (FLS).
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: