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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