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Santander issues £3.75bn securitisation

Santander UK has launched the largest publicly placed UK residential mortgage-backed securitisation since 2007, a £3.75bn deal issued through the Fosse master trust programme.

The deal was launched on Monday and is made up of seven AAA tranches covering a range of maturities and currencies.

There were 130 orders from across 11 countries.

Santander UK chief financial officer Justo Gomez says: “The size of this deal represents another significant positive step for European RMBS. It is the first time since 2007 that a fully publicly placed securitisation transaction will raise in excess of £3.5bn.

“The demand for the deal once again shows the strength and confidence the market has in Santander UK.”

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