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Kensington ‘green’ RMBS priced despite scepticism

Kensington_gardens_Alamy_575x375_10June21
By Tom Brown
10 Jun 2021

Kensington, the pioneer of the first social RMBS in the UK, priced the country’s first mortgage securitization with a class ‘A’ green tranche, achieving 65bp pricing for the senior notes on Thursday. However, investors said the green feature did not impact on pricing and called for “more ambitious” ESG targets.

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By Tom Brown
10 Jun 2021