Specialist mortgage lenders ready UK RMBS deals
Kensington Mortgage has released initial price thoughts for its upcoming Finsbury Square 2019-3 RMBS following a US roadshow, as Together Money gets ready to price its own offering.
Arrangers Citi and joint leads BNP Paribas, Lloyds and National Australia Bank (NAB) are guiding the senior notes of the Kensngton transaction at 105bp-110bp over Sonia. The rest of the capital stack is set to price at 210bp-250bp.
Arrangers released IPTs following the issuer's US roadshow.“I think the US ...