TwentyFour rolls out Oat Hill deal as ABS market calms

By Tom Brown
08 Jul 2020

TwentyFour Asset Management has mandated Santander as arranger for Oat Hill 2, a £485m buy-to-let (BTL) RMBS deal, rolling the portfolio of Oat Hill 1 into the new deal after the coronavirus outbreak left the issuer unable to call it at the first optional redemption date (FORD).

It was caught in the Covid-19 lockdown window when a number of issuers were unable to call deals at the expected date, leading to several missed FORDs, including on Oat Hill 1.

TwentyFour acquired the pool from Capital Home Loans (CHL), the lending arm of Irish Life & ...

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