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.