" In line with our goals to grow our bank and giving customers a fair deal, we anticipate being regular issuers of prime RMBS."
The £400m securitisation is the first RMBS rated by Moody’s where the loans were originated through a mobile app-based bank.
Atom says it anticipates being a regular RMBS issuer to provide funding for its loan book growth.
David McCarthy, chief financial officer at Atom Bank, said: “We are delighted to announce the launch of our RMBS programme - the latest milestone in Atom bank’s development. Securitisation is one of the ways we are delivering efficient funding for our business, contributing to our overall model of keeping costs low and passing back that value to our customers through great mortgage deals.
“We’re pleased with the level of demand for the notes and investor feedback on our lending platform. In line with our goals to grow our bank and giving customers a fair deal, we anticipate being regular issuers of prime RMBS.”
