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SecuritizationRMBS

Sterling RMBS blowout as non-UK investors return to market

BigBen_AdobeStock_575x375_16Jan20

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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