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Belmont Green completes £500m securitisation

Belmont Green, the parent company behind Vida Homeloans, has announced that it has priced a £500m mortgage-backed securitisation.

This is the third such securitisation in the company’s Tower Bridge programme, with previous announcements coming in April 2018 and October last year.

Belmont Green reports that within the AAA class, investors placed orders for nearly twice the available £412m of bonds.

Vida Homeloans chief executive David Tweedy says: “This transaction is a sizeable step in Belmont Green’s plan to become a regular issuer of residential mortgage-backed securities and means that we have now securitised over £1bnin mortgage assets since launching the business in October 2016.

“[It] shows significant investor demand for Belmont Green’s securitised assets across all classes of notes and is a further vote of confidence in what Belmont Green is looking to achieve with the Vida Homeloans brand.”

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