Tighter refi for Alba book

By Owen Sanderson
07 Apr 2015

Credit Suisse is marketing a new UK non-conforming deal from the Alba shelf, which is set to refinance the portfolio from Alba 2013-1 at a tighter level.

The deal portfolio is a £265.47m book of pre-crisis mortgages originated at the height of the credit boom by Edeus Mortgage Creators, GMAC-RFC, Amber Homeloans and Kensington.

Credit Suisse financed the portfolio with Alba 2013-1, issued in June 2013, placing the senior notes at 165bp discount margin (125bp ...

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