Citi brings principal Dutch RMBS from new BTL shelf

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By Tom Brown
11 Nov 2020

Citi is making its Dutch buy-to-let RMBS debut, with the first deal from its new Jubilee Place shelf, which brings together mortgages from three different originators. A full stack €213m deal is on offer, with the equity pre-placed and Citi holding the retention.

Note classes ‘A’ to ‘E’ have a step up margin of 1.75 times, though capped at 100bp, if not called at the first optional redemption date. The senior notes have a weighted average life of 3.63 years, with all other tranches at 4.92.

Citi will hold the ‘S1’ ...

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