Optimum Credit brings new second lien RMBS

Following on from its debut £242.3m deal last year, second lien mortgage specialist Optimum Credit has mandated Natwest Markets as arranger and lead manager for a slightly larger second offering.

  • By Asad Ali
  • 08 Oct 2018

Stand-alone second lien RMBS deals are rare and Optimum Credit’s first deal achieved a tight print at that time. The issuer sold the deal at 95bp over Libor for the £187m of triple-A bonds in July 2017.

Cardiff based Optimum, which is solely focused on second lien mortgage ...

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