Clydesdale Bank reopens sector

摘要

Clydesdale Bank reopened the UK securitisation market with the year's largest publicly placed prime UK RMBS, but generous levels on the trade suggested buyers were seeking a premium for taking UK risk after last month's vote to quit the European Union. The Glasgow-based group printed its Lanark Master Issuer Series 2016-1, offering £750m in two-year sterling notes at 100bp area over three-month Libor, in line with initial price thoughts in the 100bp area.