Shawbrook Group PLC Residential Mortgage-Backed Securities (RMBS)
13 Dezembro 2022 - 12:24PM
RNS Non-Regulatory
TIDMPH56
Shawbrook Group PLC
13 December 2022
Residential Mortgage-Backed Securities (RMBS) - December 2022
Shawbrook Bank Limited has today announced the successful completion
of Shawbrook Mortgage Funding 2022-1, a GBP574m fully retained
securitisation. The transaction represents the second securitisation
of Shawbrook originated loans, following its inaugural SMF 2019-1
transaction in June 2019, and is the sixth securitisation Shawbrook
has completed in recent years.
The pool is comprised of 2,096 buy-to-let mortgage loans which
were originated by Shawbrook and are secured against properties
in England, Wales and Scotland. The transaction will provide
the Group with an additional layer of funding to support its
focused growth ambitions, while helping to further diversify
the Group's funding base.
Dylan Minto, Chief Financial Officer commented:
"We are pleased to have successfully completed this transaction,
which is Shawbrook's sixth securitisation and largest to date.
This transaction has been fully retained and represents continued
strategic diversification of our funding profile, whilst validating
the high quality of our asset base.
This transaction significantly increases the contingent wholesale
funding options available to us and demonstrates the optionality
benefits our advanced liability management continues to deliver."
For further information, please contact:
Christopher Such
MD, Structured Funding
Christopher.such@shawbrook.co.uk
For investor enquiries, please contact:
Murray Long
Head of Investor Relations
murray.long@shawbrook.co.uk
About Shawbrook - Banking for the real world
Shawbrook is designed to accommodate individuality, diversity
and the dynamics of the modern world. We are driven by our purpose,
to power up ingenuity to create opportunity, every single day.
Leveraging strong digital capabilities to complement deep human
expertise, our 'best of both' proposition is ideally placed
to provide personalised finance solutions to those with immediate
and often complex needs. We offer a diversified range of practical
lending and savings products across three customer franchises
to serve consumers, businesses and real estate professionals.
Our advanced digital platform enables us to provide a differentiated
proposition to an expanding customer base. Our multi-channel
distribution and end-to-end digital capabilities are empowered
by our expert talent and partnerships with a range of leading
FinTech and data providers to deliver best-in-class customer
experiences.
The Group's lending activities are primarily funded by a stable
retail deposit book consisting of easy access and ISA accounts,
variable rate notice accounts and fixed rate fixed term accounts
(mostly one - five years). Shawbrook Bank Limited is an operating
entity of Shawbrook Group plc. Shawbrook Bank Limited is authorised
by the Prudential Regulation Authority and regulated by the
Financial Conduct Authority and the Prudential Regulation Authority
and is a member of the Financial Services Compensation Scheme.
LEI: 21380071539WSMTM4410
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END
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December 13, 2022 10:24 ET (15:24 GMT)
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