Lendco has closed its fourth public buy-to-let mortgage based securitisation in its Atlas programme. The transaction, sized at £408m is the specialist lender’s largest issuance to date.
The transaction was Arranged by Santander Corporate & Investment Banking. The joint lead managers were Barclays, BNPP Paribas, HSBC, and Santander Corporate & Investment Banking.
Commenting on the deal Lendco chief executive Simon Knight (pictured) said: “We are delighted to have completed our largest securitisation so far. The Atlas and Lendco brands are now increasingly well known amongst investors and the high level of demand for this securitisation illustrates what a great job our team is doing.”
Lendco director of treasury, capital markets and ESG Adrian Scragg, added: “We couldn’t be more proud of this latest issuance in our programme. Not only were we able to achieve scale, we did so at some of the tightest spread levels seen this year – a clear testament to the high-quality loans we originate”.
