Santander is in the market with  an RMBS worth £1.1billion ($1.7 billion).

The deal is backed by Alliance and Leicester mortgages and represents the ninth issue of the Fosse Master Trust program.

A pool of first-ranking mortgages secured over properties in England, Scotland, Wales, and Northern Ireland back the notes, which have been assigned a provisional 'AAA' rating by Standard & Poor's.

The bank was last in the market in September with its £2.5 billion RMBS through the Holmes Master Trust program.

 

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.