Leeds Building Society plans to issue the next investor-placed U.K. RMBS; but issuance in this once dominant sector of European securitizations continues to fall below recent years as banks find cheaper funding with the Bank of England’s funding for lending scheme.

The deal—Albion No. 2—offers a 3.1-yr senior tranche to investors, backed by a £500 million ($766 million) pool of U.K.  prime residential owner-occupied mortgages.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.