Demand swells for Santander's latest UK RMBS

By Asad Ali
23 Aug 2018

Santander priced its Holmes 2018–2 UK RMBS on Thursday, raising more than $1bn, with orders flowing in throughout the three-day book building process.

With two dollar tranches on offer and no sterling notes, it was left to US investors to answer questions on the appetite for UK RMBS paper after a busy June and July saw demand wane and spreads widen.

Orders exceeded $800m for the

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