Swiss PB targets capital relief with guaranteed high-end UK RMBS

City of London
By Tom Porter
08 May 2014

Swiss private banking group EFG International is set to issue a guaranteed UK RMBS deal backed by high value mortgages on properties in and around London, looking to gain capital relief and funding for its UK business.

BNP Paribas and UBS will arrange meetings in London on Monday and Tuesday next week, and a sterling denominated debut from EFG’s UK bank subsidiary EFG Private Bank may follow shortly afterwards.

“The main reason for the guarantee from the rated parent is to give investors 100% certainty that ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial