Ardmore Securities €1.2 billion RMBS

Value:

€ 1.2 billion

Dollar value:

$ 1.324 billion

Status:

Completed

Date:

18/4/2018

Ardmore Securities has issued €1.2 billion in notes backed by a pool of prime residential mortgages originated and managed by Ulster Bank.
The transaction marks the return of Ulster bank, one of the big four Irish banks, to the public RMBS market.

Rajeeb Gurung - Researcher

Ireland

RMBS

Capital markets : Structured finance and securitisation

Financial services

A&L Goodbody

Party: Ulster Bank (Servicer)

Party: Royal Bank of Scotland (RBS) (Cash Manager)

Party: Ardmore Securities (Issuer)

Lawyer: Sinéad O'Connor

Arthur Cox

Party: NatWest Markets (Arranger)

Clifford Chance

Party: Royal Bank of Scotland (RBS) (Servicer)

Party: Ulster Bank (Servicer)

Linklaters

Party: NatWest Markets (Arranger)