Optimum Credit has announced it has closed its third RMBS securitisation backed by second lien residential mortgage loans. The company said the deal was completed on Friday and that all of the loans were sold to investors in a secondary market for their own account with an interest rate of 4.5%. Castell 2019-1 SONIA-linked deal, announced on 2 September, received strong demand across all the tranches, with the senior tranche 1.6 times oversubscribed and the mezzanine tranche more than two times oversubscribed.
Optimum Credit has announced it has closed its third RMBS securitisation backed by second lien residential mortgage loans. The £274.8m ($342.4m) Castell 2019-1 SONIA-linked deal, announced on 2 September, received strong demand across all the tranches, with the senior tranche 1.6 times oversubscribed and the mezzanine tranche more than two times oversubscribed.