Virgin goes Dutch on Gosforth as FLS effect melts away
Virgin Money was set to place its first new RMBS since 2012 on Friday after opting for a two and five year structure more familiar to Dutch issuers. The bank’s return to the product is a further sign that a weakened Funding for Lending Scheme and a tightening of UK RMBS spreads is making the market tempting once more to a bigger pool of issuers.
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