Aldermore debuts UK RMBS after long absence

Arrangers and joint leads JP Morgan and Lloyds are marketing Oak No.2 Plc – a prime UK RMBS from challenger bank Aldermore, according to an announcement last Friday.

  • By Asad Ali
  • 10 Sep 2018

Aldermore has returned to the securitization market four and half years after Oak No.1, when £333.3m triple-A rated bonds were offered.

Oak No.2 offers a 2.9 year senior triple-A tranche, rated by Moody’s and Fitch. The pool comprises first-lien prime owner occupied mortgages with a provisional balance of £390m ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

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5 Credit Suisse 69,442.99 183 6.53%