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Money Partners completes second securitisation transaction

Money Partners has announced the successful completion of its second securitisation transaction in the UK residential mortgage backed securities market.

Totalling 400m, and comprising approximately 71% first charge mortgages and 29% second charge mortgages originated by Money Partners, the deal was issued via Kensington Group by Money Partners Securities 2 PLC. The Royal Bank of Scotland acted as lead manager.

Simon Kingdon, finance director of Money Partners, says: “The completion of our second securitisation adds further evidence of the strength of our business model and our new business drive. I am delighted to see the growing acceptance weve received from the markets this time. We have also secured tighter pricing for the Bonds despite very active capital markets which are currently offering a great deal of choice for investors.”


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