Pic© Nigel Mykura
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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