Strong opening

Category: RMBS

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UK RMBS market update

The first public European securitisation of the year, dubbed Hops Hill 1, is expected to price today. Sponsored by UK Mortgages, the UK buy-to-let RMBS has received strong demand across the capital stack.  

The £332.6m deal is backed by 1,465 mortgage loans. Guidance for the senior notes was set at SONIA plus 100bp area, while guidance for the class B, C and D notes was set at plus 175bp area, plus 200bp area and plus 250bp area respectively.

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