Co-operative Bank Offers £2.5 Bln In RMBS

16 Feb 2010

The Co-operative Bank has launched a £2.5 billion ($3.92 billion) securitization of prime residential mortgage-backed securities from Britannia.

The Co-operative Bank has launched a £2.5 billion ($3.92 billion) securitization of prime residential mortgage-backed securities from Britannia. The RMBS, launched under Co-op’s Silk Road Finance Program, is expected to close at the end of this month and follows a similar sized RMBS issued by Lloyds Banking Group ...

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