Kensington deal tightens as pipeline churns

Tom Brown

July 11, 2019 05:15 PM

PA-rows of houses — General view of rows of houses in Haringey, north London. September 30th will mark 100 days since the UK voted to leave the EU, and the resulting drop in value in the pound has prompted foreign buyers to purchase property across the capital - including traditionally cheaper areas. | Matt Crossick/Empics Entertainment

Kensington priced its Finsbury Square RMBS deal on Thursday at 103bp over Sonia, tight of initial price thoughts (IPTs) of 105bp-110bp, despite the fact that many UK and European investors have stated that they are fully allocated in securitized products at the moment.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request demo or Login

✔ 4,000 annual insights
✔ 700+ notes and long-form analyses
✔ European securitization issuance database
✔ Daily newsletters across markets and asset classes
✔ 1 weekly securitization podcast

Topics

RMBS Securitization UK Europe EMEA

TB

Tom Brown