Mezz RMBS demand heats up as slate of issues hit screens

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By Bill Thornhill
10 Jan 2018

Demand for the mezzanine tranches of RMBS Finsbury Square has been strong, boding well for a series of new UK RMBS issues that hit came to market on Wednesday.

Demand for the junior portions of Kensington Mortgage Company's Finsbury Square 2018-1 RMBS deal has far exceeded supply.

Based on the latest order book update released on Wednesday, the £12.3m ‘D’ class, rated BBB+/A3 by Fitch Ratings and Moody’s, were initially offered at 200bp over three ...

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