The primary pipeline is filling up following a busy Global ABS conference where several issuers met with investors after announcing plans to come to market. Paragon is the first out of the door post-conference with a UK buy-to-let (BTL) RMBS, Paragon Mortgages No. 26.
The specialist lender has mandated Lloyds and Bank of America Merrill Lynch as arrangers and joint lead managers to bring a deal comprising first-lien, prime BTL mortgages originated since 2010. The deal has a single offered floating-rate tranche linked to Sonia, with a weighted average life of 2.97
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
Or sign up for a trial to gain full access to the entire site for a limited period.
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.