Credit Suisse announces refi of giant Hawksmoor RMBS

Credit Suisse International has mandated itself as sole arranger, along with Bank of America as joint lead manager, for Hawksmoor Mortgage Funding 2019-1, the refinancing of one of the UK's largest non-conforming mortgage portfolios, originated by GE Capital. Leads announced a fully preplaced deal, but some bonds may eventually be offered to investors, according to one buyside source.

  • By Tom Brown
  • 11 Jul 2019

“A [sterling] denominated transaction with the entire capital structure pre-placed is expected to follow, subject to market conditions,” read the deal announcement.

GE Capital's UK finance arm initially sold the £3.9bn book mortgages under the name Project Virage, with a consortium of Blackstone, CarVal and TPG winning ...

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1 BNP Paribas 4,486 16 13.62
2 Citi 4,347 16 13.20
3 Lloyds Bank 3,158 6 9.59
4 Morgan Stanley 3,066 8 9.31
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5 Credit Suisse 38,415.30 121 6.84%