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.

  • By Asad Ali
  • 08 Nov 2018

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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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

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