Finance Ireland, Ireland’s largest non-bank lender, has mandated Bank of America Merrill Lynch, BNP Paribas and Citi as Joint Lead Managers for its inaugural RMBS transaction backed by a portfolio of c. €290m Irish owner-occupied and buy-to-let mortgage loans.
Finance Ireland entered the Irish residential mortgage market in December 2018 having acquired the residential mortgage origination business of Pepper Money.
Speaking today, Finance Ireland founder and CEO, Billy Kane, said “Our mortgage products have been very well received with our mortgage brokers and customers alike and we are very pleased with the impact our presence has had in the market in the short number of months since we launched our residential mortgage business. This is our first RMBS issuance in what will be a programme of similar transactions in the future subject to market conditions.”
