Santander self-certifies Fosse Master Trust as STS before issuing £1.25bn deal
Santander has retrofitted its Fosse Master Trust issuer as both Sonia-linked and compliant with the ‘simple, transparent and standardised’ (STS) framework in time for a new £1.25bn RMBS deal.
The deal, Fosse Master Issuer plc Series 2019-1, is made up of three tranches, including two senior tranches both rated triple-A by Moody’s, equalling £750m and £500m respectively. There is also an unrated £215.46m class ‘Z’ tranche.The notes are backed by a pool of prime UK ...
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