Debt Investors

Shawbrook’s is underpinned by our funding diversification strategy and prudent capital management. In addition to our Retail funding we have established a funding structure, comprising subordinated notes and BTL residential mortgage-backed securitisations (‘RMBS’).

 

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Shawbrook Bank has successfully completed its inaugural Residential Mortgage Backed Security (RMBS) issuance. The pool is comprised of first-lien buy-to-let mortgages which are secured against properties in England, Wales and Scotland. The transaction was rated by Moody’s and Standard & Poor’s, for further information details can be found on their websites.

Investor reporting is provided by Citibank (https://sf.citidirect.com/

Loan-level data in BoE/CRA3 formats along with cash-flow modelling is provided by EuroABS (www.euroabs.com).


General Enquiries: 

Shawbrook Bank 
Richard Armstrong
07809 493 158  
pressoffice@shawbrook.co.uk


Transaction Enquiries:

Shawbrook Bank
Christopher Such
01277 757 160
Christopher.such@shawbrook.co.uk

Shawbrook Group plc (“Shawbrook” or the “Company”) announces that it has today issued £20,000,000 6.50% Fixed Rate Reset Callable Subordinated Notes (the “Notes”). The Notes mature in 2029 but Shawbrook may at its discretion redeem the Notes in 2024.

The Notes will be treated as Tier 2 regulatory capital which will be used to support the continuing growth of the business while maintaining the Board’s target capital ratios.

Application has been made to the Frankfurt Stock Exchange (Wertpapierbörse) for the Notes to be admitted to trading on the Quotation Board segment of the Open Market (Freiverkehr) of the Frankfurt Stock Exchange.

 

For further information, please contact: 

Shawbrook Group plc
Lutea House
Warley Hill Business Park
The Drive
Great Warley
Brentwood
Essex CM13 3BE

Email: company.secretariat@shawbrook.co.uk
Attention: Company Secretary

The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.

About Us: Formed in 2011, Shawbrook is a UK specialist lending and savings bank, focused on Property Finance, Business Finance and Consumer Lending and Savings. Shawbrook differentiates itself by concentrating on markets underserved by the mainstream banks where its expert knowledge, judgement and personalised approach to lending offers a competitive advantage.”

Please click here for further information.

Shawbrook Bank completes £330m BTL RMBS Transaction

The UK’s Specialist SME Lender of Choice, Shawbrook Bank Limited, has announced the successful completion of its £330m securitisation of The Mortgage Lender (‘TML’) originated loans. The transaction represents the second securitisation Shawbrook has completed in the last 16 months, following SMF 2019-1 in June 2019.

The £200m class A notes priced at 110 bps above Sonia and were distributed via Lloyds Bank, BoA and Barclays Bank. The transaction was privately marketed to select investors and as a result of a strong order book we were able to announce the deal publicly on 17th September with the A – E notes fully pre-placed, a total of £259m of placed notes in addition to £79m of retained A2 notes. Subsequently, the £7.9m X note and the residual certificates were also placed with investors resulting in the transaction being fully subscribed at pricing.

The pool is comprised of 2,069 buy-to-let (‘BTL’) mortgages which are secured against properties in England, Wales and Scotland and were originated by TML. This is the first securitisation of BTL mortgages originated by TML. The transaction will support the Group’s growth objectives, funding strategy and capital management.

The links below reference both transactions: SMF 2019-1 and LMT 2020-1

Investor reporting is provided by Citibank (https://sf.citidirect.com/

Loan-level data in BoE/CRA3 formats along with cash-flow modelling is provided by EuroABS (www.euroabs.com).

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