Paratus RMBS shows demand remains for Libor issue

By Tom Brown
01 Jul 2019

Paratus sold a UK buy-to-let (BTL) RMBS on June 28 via arrangers Bank of America Merrill Lynch and Natixis, pricing the senior notes at 105bp over three month Libor.

Pricing for the Paratus deal suggests that there is still demand in the market for Libor-linked paper, as the deal included coupons linked to the offered rate. The last payment date is marked as December 12, 2021, weeks before the date the Bank of England has marked ...

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