Together has priced its £425.5m first charge only RMBS Together Asset Backed Securitisation 2023 (TABS8).
The latest development is Together’s eighth successful RMBS since 2017 and its 11th mortgage-backed securitisation overall.
Over the past year, the lender has raised or refinanced over £1.6bn of facilities across four transactions in an effort to diversify and extend its funding profile.
The securitisation is supported by a portfolio of first charge owner-occupied and BTL residential mortgages, secured against properties in England, Wales and Scotland, and refinances assets forming part of the Group's AA rated £1.25bn Charles Street facility ("CABS") and Together’s senior secured notes.
BNPP acted as arranger and joint lead manager accompanied by Barclays and Natixis.
Gerald Grimes, group CEO designate at Together (pictured above), commented: "We are delighted to announce the pricing of our TABS8 residential mortgage-backed securitisation which will further support our residential owner-occupier and BTL customers in realising their property ambitions.”
