Kensington Mortgages has completed its latest securitisation sized at £472 million.
The transaction is the first labelled social bond from a specialist lender and aligns with the ICMA Social Bond Principles of 2020 and contributes towards meeting the United Nations Sustainable Development Goals.
The social bond has been formally accredited and recognised by ISS ESG, a provider of corporate governance and responsible investment solutions.
The deal was oversubscribed across all tranches and the all-in pricing achieved is the tightest by a Kensington securitisation since 2008, with a total cost of 66bps.
Kensington say that this deal highlights how they are aligning with UN Sustainable Development Goals relating to reducing inequality and building sustainable cities and communities.
The specialist mortgage sector may see a boom this year, with the big banks looking for a slice of the pie, industry commentators have speculated. Speaking on the latest Brightstar vlog, hosted by group chief executive Rob Jupp, The Mortgage Lender chief executive Peter Beaumont, Landbay chief executive John Goodall
MagiClick enters the UK market with the acquisition of financial services specialist Dock9
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LONDON, Jan. 10, 2021 /PRNewswire/ MagiClick, a leading provider of digital technology and design capabilities with a strong presence across Turkey and the MENA region, announces its acquisition of Dock9 as part of its strategy to become the leading financial services technology and digital experience agency within Europe.
MagiClick s client roster includes more than 30 financial institutions such as HSBC, QNB, Bank Audi, First Abu Dhabi Bank, BNP Paribas TEB Securities, Metlife, Yapi Kredi, Garanti BBVA Securities, Akbank, Denizbank, and Ziraat Bank as well as other leading brands such as IKEA, Turkish Airlines, Domino s, Turk Telekom, Mercedes-Benz, and Microsoft.
| UPDATED: 22:48, Mon, Dec 21, 2020
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Industry experts are asking for the stamp duty holiday to be extended, amid fears the deadline could see the property market face a “cliff-edge”. This year, the property market has experienced a boom despite the market coming to a halt earlier this year due to the coronavirus pandemic. On Saturday, it was confirmed that parts of England, including London, would be put into Tier 4. The new measures were put in place after a highly transmissible strain of coronavirus was discovered to be spreading across England.