paratus amc has announced the third UK buy-to-let securitisation off its Twin Bridges programme. twin bridges 2019-1 - which is not STS eligible - was announced on Monday by joint leads Natixis and SMBC Nikko. The two previous Twin Bridges trades came in 2017 and 2018. The 2018 deal was priced in July, and included a £246m 4.19-year Triple A tranche that came at 88bp over Libor. Paratus - the former GMAC-RFC - also sold two securitisations of legacy UK nonconforming mortgages from its RMAC shelf last year.
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