Investec has launched a £204 million ($325 million) securitization dubbed Gemgarto 2011-1.

The offering, issued by Investec subsidiary Kensington Mortgages, is backed by a pool of prime residential mortgages.

All of the mortgages within the deal have been originated by Kensington since its return to lending in November 2009 and the notes are expected to be rated 'AAA' by Standard & Poor's, Fitch Ratings and DBRS, according to a report from Mortgage Strategy.


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