Clydesdale puts Citi back in arranger seat for new Lanark RMBS
Clydesdale Bank has mandated a consortium of banks led by Citi for its prime UK, owner-occupied RMBS Lanark 2020-1, putting Citi back in the role of arranger after two years of Bank of America leading the programme.
Bank of America is joint-lead manager (JLM) for the new deal, alongside Citi, BNP Paribas and Barclays, while Standard Chartered Bank is co-managing the deal.Citi had between seven and eight consecutive arranger mandates from Clydesdale prior to BofA’s arranger role. Sources said Clydesdale was looking to rotate arrangers ...
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