Merrill Closes Multi-Issuer RMBS

08 Apr 2009

Merrill Lynch has closed the first residential mortgage-backed securities transaction from its Moorgate Funding multi-issuer platform.

--Cristina Pittelli

Merrill Lynch has closed the first residential mortgage-backed securities transaction from its Moorgate Funding multi-issuer platform. Two series of notes, worth £872 million ($1.2 billion), were issued at the deal’s closing last week. The class A notes are rated AAA by Standard & Poor’s and will pay ...

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