According to a source at Salomon Smith Barney, next week the bank will be underwriting the very first U.K.-based mortgage-backed securities deal issued in U.S. dollars. Though the source could not name the issuer at this time, he said that the transaction "is going to be an alternative investment to other short floating-rate alternatives."

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.