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Category: RMBS ABS Regulation

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UK deal flow restarts ahead of expected busy months ahead

Oak No. 3 has become the first ‘post-summer’ UK ABS/MBS deal to price. It is expected to be the first of many in a hectic UK primary market into year-end.

The £343.5m STS-compliant senior notes of Aldermore Bank’s third prime RMBS printed at SONIA plus 80bp today. The tranche came in at the lower end of initial price talk, while the deal’s £37.6363m

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