Kensington completes £425m securitisation

Ryan Fowler

October 4, 2019

reduced income

Kensington has completed a £425m securitisation bringing its total issuance to over £9bn. 

The deal saw significant demand from investors, leading to the transaction being upsized from an initial size of £285m. All tranches were oversubscribed even after the upsize. The transaction allows Kensington to secure more funding to support growing demand from its mortgage customers.

Alex Maddox, capital markets & digital director at Kensignton, said: “With the successful pricing of our third securitisation of the Finsbury Square programme of the year, Kensington is the most active issuer in the UK RMBS market. The continued strong investor demand for Kensington’s transactions demonstrates the market’s confidence in the high-quality business we originate.

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