Securitization

Sterling RMBS blowout as non-UK investors return to market

RMBS

Sterling RMBS blowout as non-UK investors return to market

Issuers priced two sterling residential mortgage-backed securities (RMBS) deals this week, with Precise Mortgage Funding 2020–1B showing an unprecedented five times coverage on senior notes and up to 12 times on the mezzanine tranches, as overseas investors return to the sterling market.

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Bookrunners of Global Structured Finance

Rank Lead Manager Amount $bn No of issues Share %
1 2.47 7 15.42%
2 1.62 6 10.12%
3 1.19 5 7.41%
4 1.00 4 6.24%
5 0.85 3 5.28%