UK's Aldermore has capacity to soothe RMBS drought

By Tom Porter
27 Mar 2014

Aldermore Bank will offer supply-starved RMBS investors a glimpse of a brighter future when it prices its debut transaction next week, and the newcomer has plenty more capacity for securitizations.

Oak 1, which is backed by a portfolio of prime owner-occupied UK mortgage loans originated by Aldermore, will use only around a third of the total volume of the bank’s loans that would have been eligible for the deal.

Sole arranger JP Morgan and joint lead manager Lloyds ...

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