OSB Group has closed the Canterbury Finance No.5 securitisation.
The fully retained transaction securitises £1.33bn of prime buy-to-let mortgage assets originated by OneSavings Bank.
It will generate £1.1bn of AAA rated senior bonds for the Group, which increases our wholesale funding options.
Andy Golding, CEO of OSB Group, said: “This transaction, our first structured finance trade of the year, significantly increases the contingent wholesale funding options available to us.
“The transaction provides ongoing evidence of our sophisticated approach to liability management.
“I would like to thank our transaction advisors and counterparties for supporting us on this transaction.”
