Blackstone and Prudential are marketing two offerings of mortgage bonds backed by over £12 billion in UK “buy-to-let” loans that were auctioned off last month by the British government.

All of the loans were originated by the former Bradford & Bingley bank and its Mortgage Express subsidiary, according to rating agency presale reports. Most were previously used as collateral for mortgage bonds issued via B&B’s Aire Valley Mortgage securitization trust.

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