WBBS shows strength of sterling RMBS market

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By Bill Thornhill
18 Jan 2018

West Bromwich Building Society (WBBS) priced its first RMBS deal in five years on Thursday, selling the bonds well inside initial guidance. The comfortably oversubscribed order book showed that further supply can be easily absorbed by the market.

Despite a busy start to the year, with sterling RMBS deals from Charter Court Financial Services and Northview Group Mortgages pricing in the past week, investors still have plenty of cash to put to work in sterling RMBS.

WBBS demonstrated this on Thursday, issuing its first deal ...

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