Shawbrook Group PLC Residential Mortgage Backed Securities - June 23 (4409E)

TIDMPH56

RNS Number : 4409E

Shawbrook Group PLC

29 June 2023

 
       Residential Mortgage-Backed Securities (RMBS) - June 2023 
 Shawbrook Bank Limited has today, 29 June 2023, announced the 
  successful completion of its Holbrook Mortgage Transaction 2023-1. 
  The GBP678m fully retained transaction represents the first 
  securitisation of Shawbrook-funded owner-occupied loans originated 
  by The Mortgage Lender ('TML'), and is the seventh securitisation 
  Shawbrook has completed to date. 
 The pool is comprised of 3,577 owner-occupied 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: 
  "This fully retained transaction, which is our first structured 
  trade of TML owner-occupied originated loans, significantly 
  increases the contingent wholesale funding options available 
  to us. 
 
  As our seventh transaction to date, our strong track record 
  of high-quality RMBS issuances, provides additional evidence 
  that our sophisticated approach to liability management and 
  flexible platform is a great formula for providing attractive 
  funding optionality." 
 For further information, please contact: 
  Christopher 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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June 29, 2023 12:00 ET (16:00 GMT)