Kensington mortgage company priced its Finsbury Square 2017-1 UK RMBS trade on Thursday, nearing post-crisis tights for non-prime collateral. Kensington dubs the collateral in its Finsbury Square programme "specialist prime", with the pool on the latest deal including buy-to-let and interest-only mortgages, as well as a small amount of loans in arrears. The deal's £380.98m Class As are clearing at 70bp over three-month Libor, on 1.9x cover. Less than a year ago Kensington cleared seniors at more than double this spread, with its Finsbury Square 2016-1 Class As pricing at plus 150bp in April 2016.
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机译：肯辛顿抵押贷款公司周四为其Finsbury Square 2017-1英国RMBS交易定价，接近危机后非主要抵押品的紧缩价格。肯辛顿在其Finsbury Square计划的“专家级总理”中配售了抵押品，并把最新交易集中在了这笔交易上，包括买房出租抵押贷款和纯利息抵押贷款，以及少量的拖欠贷款。该交易价值3.8098亿英镑的A类债券，在三个月的伦敦银行同业拆借利率下，以1.9倍的价格清算70个基点。不到一年前，肯辛顿（Kensington）的老年人清算价差是其价差的两倍多，其Finsbury Square 2016-1 Class As定价在2016年4月上涨了150bp。
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