Finance Ireland adds arrears buffer to third RMBS

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Finance Ireland adds arrears buffer to third RMBS

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View of Mellows Bridge in Dublin - Ireland | Leonid ANDRONOV/Leonid Andronov - stock.adobe.com

On Wednesday, non-bank lender Finance Ireland mandated Bank of America as an arranger, alongside =leads BNP Paribas, Citi and Standard Chartered, on a €298.85m RMBS transaction, Finance Ireland RMBS No 3. The deal includes a new structural feature to mitigate future arrears.

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