Copying and distributing are prohibited without permission of the publisher.

Watermark

Together adopts CLO-style loan note for RMBS hybrid

portuguese houses
By Tom Brown
03 Jun 2021

Together Money has taken a structural feature from the CLO market for its latest £267.7m RMBS, TABS 2021-1 - CRE2, adopting loan notes for the triple-A tranche, a first for the asset class. The issuer pre-placed four tranches – almost certainly with a single account, sources said.

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free Trial
By Tom Brown
03 Jun 2021