Finance Ireland is bringing a multi-tranche transaction mixing both Irish owner-occupied and buy-to-let loans, through arranger Bank of America Merrill Lynch. BNP Paribas, Citi are also on the deal as joint lead managers.
Finance Ireland RMBS No.1 is the second mortgage deal brought by the issuer after it placed an innovative small balance CMBS
through HSBC. Senior notes in that deal, Pembroke, were priced at 165bp, 10bp tighter than initial guidance, overcoming the starkly split opinion
between the two rating agencies