Co-op Bank pre-places fourth Warwick legacy asset deal

By Tom Brown
20 Aug 2019

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 ...

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