The Bank of Ireland has issued a SONIA-linked securitisation deal backed by prime British residential mortgages. The 445 ($£350m) 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.
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.