Nationwide follows Lloyds with RMBS

14 Oct 2009

Nationwide Building Society will begin roadshows next week for its first publicly marketed RMBS.

Nationwide established its £28bn Silverstone master trust in 2008, but retained the issuance for liquidity purposes. The new Silverstone issuance, series 2009-1, will be denominated in sterling with Barclays Capital, Citi and JPMorgan as bookrunners.

The master trust has average seasoning of 44 months, an average indexed loan to ...

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