Santander U.K. Launches £3.75 Bln RMBS

19 May 2011

Santander U.K. has launched a £3.75 billion ($6.07 billion) U.K. residential mortgage-backed securities deal, the first publicly placed RMBS since 2007 and the largest since the financial crisis.

Santander U.K. has launched a £3.75 billion ($6.07 billion) U.K. residential mortgage-backed securities deal, the first publicly placed RMBS since 2007 and the largest since the financial crisis. The deal, which unlike a Royal Bank of Scotland RMBS issued last September, does not include a put option. It ...

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