Short loan MBS debuts

Pic© Nigel Mykura

Category: CMBS


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Amicus has issued what is believed to be the first UK MBS to be backed entirely by short-term property loans. Three of the four tranches in the unrated Amicus Mortgage Finance 2015-1 were privately placed last week, amounting to £95m of the £100m transaction.

The £78m class A notes feature 22% credit enhancement and were sold at par.

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