Citi preplaces BTL mortgage deal with RMBS wave incoming

By Tom Brown
06 Jul 2020

Citi has chosen to preplace Canada Square Funding 2020-1, a BTL deal pooling mortgages from originators Fleet Mortgages, Topaz Finance and Landbay Partners. A further seven UK RMBS deals are scheduled to arrive in the pre-summer window over the next month, sources said.

The £171.6m portfolio saw a pre-announcement marketing period over the last week or so, followed by preplacement with a number of accounts, so that the deal was announced on Monday already subject. 

A source close to the deal said further syndication did not make sense with the senior tranche already ...

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