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Tuesday, 23 January 2018

MBS

West Brom bags strong demand with RMBS return

IFR 2217 20 January to 26 January 2018

West Bromwich Building Society returned to securitisation after almost five years on Thursday with the third RMBS off its Kenrick programme.

London Wall next out of pipeline, Lanark to follow

IFR 2217 20 January to 26 January 2018

The next new issue from the sizzling UK RMBS market is due on Tuesday in the shape of buy-to-let deal London Wall Series Fleet 2018-01.

US CMBS AND RMBS DEAL PRICINGS

IFR 2217 20 January to 26 January 2018

CMBS PRICED

Precise benefits from supercharged sterling market

IFR 2217 20 January to 26 January 2018

Charter Court Financial Services priced a £254m UK buy-to-let RMBS on Wednesday, with seniors matching levels on the previous week’s Finsbury Square and finding similarly high multiples of oversubscription, although for a smaller deal.

RMAC tender raises doubts over SPVs

IFR 2217 20 January to 26 January 2018

Credit fund Clifden’s daring attempt to take hold of £2bn of bonds serviced by private equity group Fortress has triggered intense speculation over its motivation but an unprecedented tender offer could have far-reaching implications for securitisation laying bare how special purpose vehicles run.

Logo of Charter Court Financial Services

Precise benefits from supercharged sterling market

18 January 2018

Charter Court Financial Services priced a £254m UK buy-to-let RMBS on Wednesday, with seniors matching levels on last week’s Finsbury Square and finding similar high multiples of oversubscription, although for a smaller deal.