Co-op Bank opted to pre-place its fourth Warwick Finance RMBS last Friday, scraping the remainder of a legacy portfolio it began securitizing in 2015.
The firm pre-placed £304m with investors, including a triple-A tranche that was priced at 90bp over three month Euribor.
The offering was one of the last of a mortgage portfolio made up of pre-crisis assets
that were securitized across four transactions
, according to a source familiar with