Co-op goes for size with debut from Warwick shelf

By Graham Bippart
23 Apr 2015

The Co-operative Bank is looking to sell £1.19bn of bonds backed by UK non-conforming loans, many of which previously backed the Leek 20 and 21 RMBS deals.

Bank of America Merrill Lynch, sole arranger, and joint lead managers Citi and Morgan Stanley announced tranche sizes for the deal on Thursday, after having put out initial price thoughts on Tuesday.

A banker on the deal had said that Warwick No.1 could be as ...

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