Paragon continues coaxing with buy-to-let RMBS

Paragon right size
By Tom Porter
30 Jun 2014

Paragon Mortgages has mandated banks for its second buy-to-let RMBS sale of the year, intending to call the Paragon 16 deal it priced in 2011 as it continues to tempt investors back to its credit after not calling a number of deals at the height of the financial crisis.

Lloyds, Macquarie and Morgan Stanley have been mandated as joint lead managers for Paragon 20, and will conduct a roadshow this week with a sterling-denominated transaction to follow shortly afterwards.

The transaction, which will fund Paragon’s call of Paragon 16, comes shortly after the specialist mortgage lender printed ...

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