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SecuritizationRMBS

Investors gobble up Angel Oak social bond

house_adobe_575px_29Oct20

Angel Oak issued the first non-agency RMBS to qualify as a social bond in the US, which is backed by loans offered to underserved self-employed consumers. The transaction benefited from favorable market conditions, with investors eager to absorb social bonds specifically, and ESG bonds starting to trade at a premium.

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