Pepper brings second UK RMBS via Citi and NatWest

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By Tom Brown
02 Sep 2019

Pepper Group has mandated Citi and NatWest Markets as to arrange Castell 2019-1, a full capital stack UK RMBS transaction backed by second lien mortgages.

The deal is being brought via Pepper’s UK platform Optimum Credit, which it purchased last year. It will be sterling-dominated, the second such Pepper transaction but the third to be brought by Optimum, which brought its last Castell deal in October 2018. Optimum is a specialist second ...

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