ROSE Funding, NatWest Markets' corporate loan securitisation vehicle, brought its second jumbo deal yesterday (Thursday) to an enthusiastic reception from investors around the world. NatWest, via Repeat Offering Securitisation Entity Funding No 2, issued $5.5bn of dollar and sterling FRNs in 12 tranches, with a legal maturity in October 2004. Around half the deal, including both sterling and dollar notes, will be sold at closing into Rose Inc, NatWest's Delaware registered multiseller commercial paper conduit.
October 10, 1997