The fully-retained transaction securitises £1.33bn of prime BTL mortgage assets originated by OneSavings Bank, and will generate £1.1bn of AAA-rated senior bonds for the group.
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Andy Golding, CEO at OSB Group (pictured above), said: "This transaction — our first structured finance trade of the year — significantly increases the contingent wholesale funding options available to us.
“The transaction provides ongoing evidence of our sophisticated approach to liability management.
“I would like to thank our transaction advisors and counterparties for supporting us on this transaction.”
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