RBS leads balance sheet rush with £4.7bn RMBS

01 Jun 2006

Royal Bank of Scotland this week became the latest bank to use securitisation to strengthen its balance sheet when it launched a self-led £4.7bn residential mortgage bond and announced a £3.5bn CLO.

Other banks are planning to follow RBS, with arrangers expecting strong dealflow before the end of June, as institutions manage their regulatory capital.

Arran Residential Mortgages Funding No 1 follows a number of balance sheet securitisations since the last quarter of 2005 from banks such as Barclays and HSBC ...

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