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.


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