The Bank of Ireland has issued a mortgage - linked securitisation deal backed by prime British residential mortgages . The $ 350 m ( $ 445 ) mortgage transaction was structured to comply with STS criteria for securitisations . Rated AAA by Moody ’s and investors , the senior partners of the transaction have a coupon of 83bps over SONIA .
The Bank of Ireland has issued a SONIA-linked securitisation deal backed by prime British residential mortgages. The £350m ($445) RMBS transaction was structured to comply with STS criteria for securitisations. Rated AAA by Moody’s and Fitch, the senior tranche of the notes have a coupon of 83bps over SONIA.