UK RMBS jump starts new issue pipeline

London houses
By Asad Ali
21 Aug 2018

Sole arranger Santander is out with an RMBS deal from its Holmes master trust, with two dollar tranches available as the bank hopes to tap strong US demand and further diversify its investor base.

Bank of America Merrill Lynch, Citigroup, Credit Suisse and Lloyds Bank along with Santander are the joint leads on Holmes Master Issuance Series 2018-2.

In June, both Lloyds and Clydesdale Bank attracted strong interest for their respective dollar tranches, which were sized at $400m and $1bn and issued ...

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