Santander’s Holmes Places More AA Bonds

31 May 2012

Santander U.K. has priced its Holmes 2012-3 U.K. residential mortgage-backed trade, the second RMBS deal this year to offer investors AA-rated bonds.

Santander U.K. has priced its Holmes 2012-3 U.K. residential mortgage-backed trade, the second RMBS deal this year to offer investors AA-rated bonds.

The trade, built off the back of reverse inquiry from investors, placed a single AAA-rated sterling-denominated tranche, and two AA-rated classes, each denominated in sterling and dollars. ...

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