Totalling £400 million, and comprising approximately 71 percent first charge mortgages and 29 percent second charge mortgages originated by Money Partners, the deal was issued via Kensington Group PLC by Money Partners Securities 2 PLC (MPS 2). The Royal Bank of Scotland acted as lead manager.
Simon Kingdon, Money Partners’ finance director, said: “The completion of our second securitisation adds further evidence of the strength of our business model and our new business drive. I am delighted to see the growing acceptance we’ve received from the markets this time. We have also secured tighter pricing for the Bonds despite very active capital markets which are currently offering a great deal of choice for investors.”
