Tagus €1.2 billion RMBS securitisation

Overview:

• Tagus – Sociedade de Titularização de Crédito, the Portuguese securities vehicle of Deutsche Bank, successfully launched €1.1922 billion mortgage backed securitisation notes (RMBS). 
• BBVA Portugal acted as originators. 
• The notes, known as BBVA Portugal RMBS No. 1, consisted of €1.012 class A mortgage backed floating rate notes due 2057, €88 million class B mortgage backed floating rate notes due 2057 and €92.2 million class C variable rate notes due 2057. 
• WhiteStar Asset Solutions acted as arranger, The Law Debenture Trust Corporation as common representative and Deutsche Bank Aktiengesellschaft as paying agent. 

John Crabb - Journalist