Kensington ‘social bond’ tightens amid investor scepticism
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SecuritizationRMBS

Kensington ‘social bond’ tightens amid investor scepticism

Snow_Kensington_AdobeStock_575x375_02Feb21

Specialist mortgage lender Kensington’s first ‘social’ RMBS is heading to be priced between 59bp and 62bp, clinching premium pricing for an innovative deal. But investors say the discount is mostly thanks to the scarcity of UK RMBS supply rather than the social element.

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