Yorkshire Building Society brings prime STS RMBS

PA-Yorkshire Building Society
By Tom Brown
03 Sep 2019

Yorkshire Building Society has mandated Bank of America Merrill Lynch and Lloyds, alongside joint lead managers Citi and BNP Paribas, for its upcoming Brass No.8, a UK prime RMBS deal offering two triple-A rated sterling tranches and a senior dollar tranche.

The two sterling tranches are rated triple-A by Fitch and Moody’s, with a weighted average life (WAL) of 2.94 and 4.6 years respectively. Both classes of notes reference the Sonia benchmark. The dollar tranche is also triple-A and references Libor with a WAL of 1.92 years.

“We ...

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