Lendco brings first RMBS deal after market opens

By Tom Brown
18 Jan 2021

Cabot Square Capital-backed mortgage originator Lendco has announced its first UK RMBS deal after the securitization market fully reopened on Friday for 2021.

Atlas Funding 2021-1, the first deal from the issuer, is a fully BTL offering, securitizing a £303m ($414m) pool of newly originated loans.

Five tranches are on offer, including a 2.87-year senior note with a credit enhancement of 18.75%. A further class ‘X’ note is listed as “call ...

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