"We are delighted to have completed this second securitisation which secures funding for an additional four years"
The deal refinances loans secured on residential properties in England and Wales held in a warehouse facility, and follows the specialist buy-to-let lender’s inaugural securitisation of £314m in February 2021.
The transaction was co-arranged by HSBC and BNP Paribas. Joint lead managers were HSBC, BNP Paribas and NatWest Markets.
Simon Knight, managing director of Lendco, said: “We are delighted to have completed this second securitisation which secures funding for an additional four years and reflects continued investor confidence in Lendco’s platform.
“This second securitisation is further evidence of our intention to be a sustained and programmatic issuer in the capital markets.”
