Skipton Building Society plans to issue a new U.K. prime RMBS transaction, Darrowby No. 3 that will be structured with on publicly placed,British pound sterling-denominated tranches.

Moody's Investors Service expects to rate the transaction’s senior class A notes due March 2047, ‘Aaa’. The total credit enhancement for the Class A notes is expected to be 13.25%, according the presale report. It did not indicate the size of the tranche.

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.