Santander opts for threes with Fosse RMBS
Santander UK’s new Fosse 2011-1 RMBS will feature only three year public tranches, alongside a preplaced $500m ‘A1’ money market tranche. The bank will offer 2.72 year average life notes in dollars, euros and sterling, in classes A2-A4, with step-up and call in July 2014.
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