Second outing for innovative Coventry RMBS structure

Owen Sanderson

June 14, 2021 10:15 AM

Coventry_Cathedral_AdobeStock_575x375_22July20 — A bird flies over the bombed-out ruins of the Cathedral Church of St. Michael, also known as Coventry Cathedral in the UK. The Cathedral was destroyed in an air raid during the Second World War. | chrisdorney - stock.adobe.com

Coventry Building Society has launched the second RMBS deal from its Economic Master Issuer platform, an innovative shelf issuance structure which modernises traditional master trust technology. Lloyds, however, an arranger for the first deal last year, is not on the programme, with Barclays joining as dealer instead.

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RMBS Securitization

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Owen Sanderson