Kensington, Close Brothers bring deals as spreads tighten
Kensington is bringing a non-standard UK prime RMBS from its Finsbury Square shelf as spreads on UK RMBS continue to tighten in the first weeks of 2020. Meanwhile, Close Brothers is also returning with a new Orbita Funding UK Auto ABS transaction.
Sole arranger Lloyds is leading the Kensington transaction, with BNP Paribas and National Australia Bank (NAB) joining as joint-lead managers for the deal, FSQ 2020-1.It will be a minimum size of £420m ($547m), to be collateralised at closing, and can be increased to a maximum size of ...
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