Citi to securitize €1.2bn Irish mortgage portfolio

By Tom Brown
27 Oct 2020

Citi announced on Tuesday that it is planning to securitize a €1.2bn portfolio acquired from Permanent TSB.

Around 3,700 buy to let loan accounts are involved in the sale, with interest only repayment terms making up the majority of the pool. The average balance is €375,000, with an average remaining term of 10 years.

The portfolio has a gross balance sheet value of €1.4bn, ...

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