Co-op Bank readies £993m UK RMBS after resolving dispute with Capita

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By Tom Brown
19 Nov 2019

The Co-operative Bank is mandating Bank of America and HSBC for a £993m UK RMBS, the sixth from the issuer's Silk Road shelf and the first offering from to be publicly issued since 2012.

The bank renewed a £141m mortgage contract on October 31 with Capita Asset Services, which is servicing the Silk Road mortgage portfolio via its subsidiary Western Mortgage Services (WMS), after the two fell out in 2016 over a payment dispute.

“I am delighted that The Co-operative Bank ...

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