Paragon Mortgages is marketing bonds backed by a pool of buy-to-let mortgages worth £130 million ($204 million) in its second securitization of the year, according to Moody's Investor Service

The transaction, Paragon Mortgages 23, will issue bonds in both euros and sterling. Moody’s has assigned a preliminary ‘Aaa’ rating to the class  A notes,  ‘Aa2’ to the  class B notes, and  ‘A1’ to the class C notes.

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