Shawbrook Group PLC Residential Mortgage Backed Securities Nov 2023 (1887U)

TIDMPH56

RNS Number : 1887U

Shawbrook Group PLC

21 November 2023

 
                  STS BTL Residential Mortgage-Backed Securities (RMBS) - November 2023 
 
 Shawbrook Bank Limited has today, 21 November 2023, announced the successful completion of 
  its Lanebrook Mortgage Transaction 2023-1. The GBP401m transaction (GBP405m including excess 
  spread notes) represents the fourth securitisation of Shawbrook-funded buy-to-let loans originated 
  and serviced by The Mortgage Lender (TML) under the Lanebrook shelf, and our third transaction 
  to carry the Simple, Transparent and Standardised (STS) label. The GBP200m Class A1 tranche, 
  which has a weighted average life just under 3 years, priced at 118 bps above Sonia on the 
  back of strong investor demand, with all other tranches being retained. 
 The securitised pool is comprised of 2,255 buy-to-let mortgage loans secured against properties 
  in England, Wales and Scotland. The transaction will support the Group's targeted growth trajectory, 
  funding strategy and capital management. 
 
 Dylan Minto, Chief Financial Officer commented: 
 
 "We are delighted to have completed this transaction as it further supports our funding diversification 
  strategy and maintains Shawbrook's position as a solid repeat issuer into the debt capital 
  markets. The success of this transaction was acknowledged by the strong interest from investors 
  resulting in the Class A1 notes being significantly oversubscribed. 
 
  This is Shawbrook's eighth RMBS transaction to date and once again illustrates our track record 
  of high-quality RMBS issuances. Shawbrook has issued from its three origination platforms 
  over the past 5 years: The Mortgage Lender (under the Lanebrook shelf for buy-to-let loans 
  and Holbrook shelf for owner-occupied loans), Bluestone Mortgages (under the Ealbrook shelf 
  for owner-occupied loans) and Shawbrook Bank (under the Shawbrook shelf for buy-to-let loans)." 
 
 For further information, please contact: 
 Chris Such 
 MD, Structured Funding 
 [e-mail] 
 
 For investor enquiries, please contact: 
 Murray Long 
 Head of Investor Relations 
 [e-mail] 
 
 
 About Shawbrook - Banking for the real world 
 Shawbrook is designed to accommodate individuality, diversity and the dynamics of the modern 
  world. We are driven by our purpose, to power up ingenuity to create opportunity, every single 
  day. 
 
  Leveraging strong digital capabilities to complement deep human expertise, our 'best of both' 
  proposition is ideally placed to provide personalised finance solutions to those with immediate 
  and often complex needs. We offer a diversified range of practical lending and savings products 
  across three customer franchises to serve consumers, businesses and real estate professionals. 
 
  Our advanced digital platform enables us to provide a differentiated proposition to an expanding 
  customer base. Our multi-channel distribution and end-to-end digital capabilities are empowered 
  by our expert talent and partnerships with a range of leading FinTech and data providers to 
  deliver best-in-class customer experiences. 
 
  The Group's lending activities are primarily funded by a stable retail deposit book consisting 
  of easy access and ISA accounts, variable rate notice accounts and fixed rate fixed term accounts 
  (mostly one - five years). Shawbrook Bank Limited is an operating entity of Shawbrook Group 
  plc. Shawbrook Bank Limited is authorised by the Prudential Regulation Authority and regulated 
  by the Financial Conduct Authority and the Prudential Regulation Authority and is a member 
  of the Financial Services Compensation Scheme. 
 

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November 21, 2023 12:00 ET (17:00 GMT)