Sterling RMBS blowout as non-UK investors return to market

Tom Brown

January 16, 2020 04:15 PM

BigBen_AdobeStock_575x375_16Jan20 — The Elizabeth Tower, which houses the Great Clock and the 'Big Ben' bell, is seen above the Houses of Parliament, in central London, Britain August 14, 2017. REUTERS/Neil Hall | NEIL HALL/Giorgio - stock.adobe.com

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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Topics

Lloyds Bank RMBS Securitization UK Europe Citi EMEA

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Tom Brown