UCI doubles Europe's green securitization universe

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By Owen Sanderson
12 May 2020

Portuguese mortgage lender UCI doubled the universe of European green securitization issuers when it privately placed its RMBS Green Belém No 1, a deal backed by Portuguese mortgages, at the end of April. The deal had originally been slated for public debut before the coronavirus crisis hit, but was pre-placed in private following March’s market chaos.

Rabobank subsidiary Obvion is the only other issuer in Europe to regularly issue green-branded securitizations, through its Green Storm RMBS shelf, although several Australian deals have been designated green or have included green tranches. Goldman Sachs issued a green-branded CMBS backed by French properties, River Green, at the ...

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