Dilosk brings RMBS with owner loans after resilient 2020

Dublin_AdobeStock_575375_27Jan21
By Tom Brown
27 Jan 2021

Dilosk, the Irish mortgage lender, has launched its first RMBS deal that includes owner-occupier loans, branching out from the buy-to-let offering it has stuck to for the past five years.

The issuer has mandated Natixis as arranger and Barclays as joint lead manager for Dilosk RMBS No 4. The deal has five tranches, including a €258.96m senior note with a weighted average life of 2.61 years.

The issuer is also offering notes ‘B’ to ‘E’, on which the margins ...

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