Nationwide plans £3.3bn RMBS issue
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A vehicle established by Nationwide called Silverstone is planning a £3.3bn issue of residential mortgage-backed securities, according to reports in The Guardian.
This is the second securitisation deal by a UK mortgage lender since last summer.
The first mortgage-backed deal was launched by Lloyds Banking Group for a £4bn bond last month.
The building society is aiming to close the issue on November 3.
It is backed by mortgage assets with an LTV of around 65 per cent.
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