Lendco has closed its fourth public BTL mortgage-based securitisation in its Atlas programme, sized at £408m.
The deal — the lender’s largest issuance to date — attracted substantial investor interest and resulted in the tightest pricing so far for an issuance under the Atlas Programme.
The transaction was arranged by Santander Corporate & Investment Banking, alongside joint lead managers Barclays, BNPP Paribas, and HSBC.
The announcement follows Lendco being awarded Specialist BTL Lender of the Year at the B&C Awards 2024 last Thursday.
“We are delighted to have completed our largest securitisation so far and which comes hot on the heels of us winning Best Specialist BTL Lender last week,” commented Simon Knight, CEO at Lendco (pictured above).
“The Atlas and Lendco brands are now increasingly well known among investors, and the high level of demand for this securitisation illustrates what a great job our team is doing.”
Adrian Scragg, director of treasury, capital markets, and ESG at Lendco, added: “We couldn’t be more proud of this latest issuance in our programme.
“Not only were we able to achieve scale, but we did so at some of the tightest spread levels seen this year — a clear testament to the high-quality loans we originate.”
Lendco currently holds a loan book of over £1.5bn.
