UK Mortgages Ltd Securitisation Announcement for Keystone Portfolio
11 January 2021 - 8:31PM
UK Regulatory
TIDMUKML
UK Mortgages Ltd: Securitisation Announcement for Keystone Portfolio
THE INFORMATION IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION,
RELEASE OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO OR FROM THE UNITED
STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF
IRELAND OR JAPAN.
UK MORTGAGES LIMITED
(a closed-ended investment company incorporated in Guernsey with registration
number 60440)
549300388LT7VTHCIT59
LEI 549300388LT7VTHCIT59
UK Mortgages Ltd: Securitisation Announcement for Keystone Portfolio
11th January 2021
The Board of UK Mortgages Limited ("UKML") and TwentyFour Asset Management LLP
("TwentyFour") are pleased to announce that in line with the strategy approved
by shareholders in Q4 of last year, Hops Hill No.1 PLC, the securitisation of
the portfolio of first ranking, Buy-to-Let mortgage loans originated by
Keystone Property Finance ("Keystone"), has been announced today, with National
Australia Bank ("NAB") and Santander as Co-Arrangers, and Santander, NAB and
Standard Chartered Bank as Joint Lead Managers.
Keystone have been originating loans for UKML for the last two years with
warehouse financing provided by NAB. The portfolio size reached almost GBP340m by
31st December 2020 and a transaction of up to GBP400m is now being marketed, to
include loans currently in the pipeline and expected to be completed over the
next 3 months.
Roadshow meetings are being offered to securitisation investors over the next
two to three days, following which the book will be built and the transaction
launched, subject to market conditions.
An update will be provided once the transaction has completed.
Further information:
TwentyFour Asset Management LLP
Rob Ford
020 7015 8900
Numis Securities Limited, Corporate Broker
Nathan Brown
Hugh Jonathan
020 7260 1000
END
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