Lone Star fires starting gun on refi wave

Lone Star has mandated Morgan Stanley to help it refinance a portfolio of Irish mortgages it securitized less than two years ago, the first in a potential wave of sponsor-driven refinancing RMBS trades to come in 2018.

  • By Owen Sanderson
  • 08 Mar 2018

Morgan Stanley said on Thursday that it would be arrange European Residential Loan Securitization 2018-1, an Irish RMBS backed by performing, re-performing and non-performing loans, which would offer euro-denominated senior and mezzanine bonds. LSF VIII Investments, a Lone Star vehicle, is the sponsor.

At the same time, ...

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2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

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