Virgin Money $1.3 billion RMBS

8/1/2016

RMBS

Value:

$ 1.3 billion

Status:

Completed

Date:

8/1/2016

Overview:

Virgin Money has closed a $1.3 billion multicurrency RMBS deal - Gosforth Funding 2016-1.
The deal has dollar, euro and sterling tranches and is AAA rated.
Citi and Lloyds are acting as arrangers with Bank of America Merrill Lynch and Deutsche Bank acting as joint lead managers.

Sam Duke - Editor

Read further analysis of this deal on IFLR.com

Jurisdiction:

United Kingdom

Deal type:

RMBS

Practice area:

Capital markets : Structured finance and securitisation

Industry sector:

Financial services

Firms:

CMS Cameron McKenna Nabarro Olswang

Party: Virgin Money Holdings UK (Issuer)

Lawyer: Stephen Phillips

Freshfields Bruckhaus Deringer

Party: Citigroup (Arranger)

Party: Lloyds Banking Group (Arranger)

Lawyers: Chris Barratt, Sarah Murphy (retired)

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