Business
Announcement of Securitisation Transaction
Announcement of Securitisation Transaction.
About this update from Lendinvest Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.\nLEI: 213800NWMK3O4UWP9N91\n22 November 2023\nLendInvest plc\nAnnouncement of Fifth Securitisation Transaction\nLendInvest plc (LSE: LINV, \"LendInvest\"), a leading platform for mortgages and the ultimate holding company of LendInvest BTL Limited, today announces that LendInvest BTL Limited has priced the group's fifth securitisation of £410 million of UK prime Buy-to-Let mortgage loans in an oversubscribed Residential Mortgage Backed Security (RMBS) transaction.\nThe transaction is expected to close on 29th November 2023, and upon closing total Funds under Management (FuM) will increase to £4.2 billion.\n \nNational Australia Bank and Lloyds acted as Joint Arrangers. Barclays, Citi, HSBC, Lloyds, National Australia Bank Limited, Wells Fargo Securities acted as Joint Lead Managers\nRod Lockhart, Chief Executive Officer of LendInvest, said: \"We're pleased to have priced LendInvest's fifth and largest securitisation transaction to date, which has drawn significant appetite from investors even during challenging market conditions, demonstrating the continued attractiveness of the asset class.\n\"LendInvest continues to leverage its technology platform to provide disruptive solutions in the mortgage market, giving us a competitive edge with brokers and borrowers and helping us to continue to attract diverse sources of capital.\"\nEnquiries:\nLendInvest via Teneo +44 (0)20 7353 4200\nRod Lockhart, Chief Executive Officer ...