Paragon opens post-conference market with buy-to-let RMBS

burst pipe
By Tom Brown
17 Jun 2019

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 ...

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