Bank of America and Natixis squeeze RMBS through Libor cut-off window

Tom Brown

June 24, 2019 11:00 AM

PA-UK houses — General view of houses in Victoria Road, London, named 'the most expensive street in the UK' in 2015 with an average house price of over £8 million. The borough of Kensington and Chelsea is one of the most polarised in Great Britain, with some of the most expensive real estate in the UK just a short walk from several of the most deprived wards in the country - including the area around the Grenfell Tower. Picture date: Wednesday July 12th, 2017. Photo credit should read: Matt Crossick/ EMPICS Entertainment. | Matt Crossick/Empics Entertainment

Paratus is bringing a UK buy-to-let RMBS via arrangers Bank of America and Natixis. The deal's coupons will be linked to the Libor benchmark rather than Sonia, to which the majority of the sterling securitization market switched over before the Global ABS Barcelona conference.

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Topics

RMBS Natixis Securitization UK Europe EMEA

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Tom Brown