Bluestone unveils seven trancher as esoteric ABS appeal

By Tom Porter
12 Mar 2015

Australia-based Bluestone Group has begun marketing its debut buy-to-let UK RMBS, as demand for deals out of reach of the European Central Bank supports more esoteric products.

Macquarie and Credit Suisse have been mandated to market the first securitization of UK buy-to-let mortgages from the recently acquired Basinghall Finance platform, which will be named Celeste 2015-1.

Bluestone completed the acquisition of Basinghall in December from German bad bank Erste Abwicklungsanstalt (EAA), with Macquarie providing ...

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