Two UK buy-to-let RMBS line up

Monday and Tuesday this week saw two UK buy-to-let RMBS announced, with Monday's Paragon 25 announcement joined on Tuesday by Tower Bridge No.2, the second outing from Belmont Green Finance.

  • By Asad Ali
  • 10 Apr 2018

Macquarie and NatWest Markets are arrangers and Barclays is co-manager of Tower Bridge Funding No.2.

This is the second static RMBS transaction from specialist lender Belmont Green, which operates an originate-to-securitize model under the Tower Bridge platform for its buy-to-let and specialist residential origination business.

The transaction is ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 RBC Capital Markets 251.51 1 25.00%
1 MUFG 251.51 1 25.00%
1 Credit Agricole CIB 251.51 1 25.00%
1 Bank of America Merrill Lynch 251.51 1 25.00%
Subtotal 1,006.02 1 100.00%