Dublin bridge

Innovative SRT finalised

Category: Capital Relief Trades RMBS

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Bank of Ireland executes synthetic RMBS

Bank of Ireland has finalised a €265m synthetic securitisation that references a €1.4bn portfolio of restructured Irish mortgages (SCI 8 September). Dubbed Glen Securities Finance, the transaction is the first capital relief trade to be backed by restructured residential mortgages. 

Rated by KBRA and S&P, Glen Securities Finance consists of €66.4m

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