Barclays, Lloyds Bank, Bank of America and Deutsche Bank will lead the prime UK RMBS deal to be issued from Santander U.K.’s Fosse Master Trust.
The deal, Fosse Master Issuer Series 2014-1, will feature notes denominated in both U.S. dollars and British sterling. Moody’s Investors Service plans to rate the money market fund P-1’ and the class A2 notes Aaa’. The notes are due October 2054. The sizing of the tranches has yet to be determined, according to the presale report.