Demand for Dilosk RMBS paves way for BTL deal
In a week with just one new issue euro ABS announcement — a Spanish small and medium-enterprise (SME) CLO — investors piled into specialist lender Dilosk’s Irish retail mortgage backed security (RMBS). Pricing of the deal at the tight end of guidance will open the door for the lender to step into the buy-to-let RMBS market in 2019, executives say.
The recent deal is Dilosk’s second RMBS following their 2015 offering. The transaction pooled €182m of Irish residential mortgages acquired from Leeds Building Society with a separate pool originated by GE Woodchester.In addition to their strategy of acquiring mortgage pools from lenders exiting the Irish mortgage ...
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