Abbey to sell record MBS with £2.2bn through SSSB

06 Jul 2000

Abbey National is to securitise £2.2bn of its residential mortgages in a multicurrency bond issue, lead managed by Schroder Salomon Smith Barney, that will be by far the largest mortgage backed security ever issued in Europe.

Roadshows began in the US and Europe today (Friday) for the transaction, Holmes Financing (No 1) plc, which is expected to be priced late next week or early the following week. The dollar, sterling and euro denominated deal, worth the equivalent of $3.3bn, will rank in size with ...

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