Shawbrook Group PLC

Management Reports • Jul 4, 2022

National Storage Mechanism | Additional information

RNS Number : 0942R

Shawbrook Group PLC

04 July 2022

Residential Mortgage Backed Securities (RMBS) - June 2022
Shawbrook Bank Limited has announced the successful completion of its £352m fully retained securitisation of Bluestone Mortgages Limited ('Bluestone') originated loans. The transaction represents the fourth securitisation Shawbrook has completed in recent years, following SMF 2019-1 in June 2019, LMT 2020-1 in September 2020 and LMT 2021-1 in September 2021. The pool is comprised of 2,094 owner occupied and buy-to-let mortgages, which are secured against properties in England, Wales and Scotland and were originated by Bluestone. This is the inaugural securitisation of mortgages originated by Bluestone, and the transaction will support the Group's growth objectives, funding strategy and capital management.
Dylan Minto, Chief Financial Officer commented:
"We are delighted to have successfully completed this transaction as it further supports our funding diversification strategy, positions Shawbrook as a solid repeat issuer into the debt capital markets and provides optionality to our Platform Lending origination channel as we widen our Originate to Distribute proposition. This transaction increases the contingent wholesale funding options available to us and provides further evidence of how our engagement with wholesale markets is providing valuable optionality within both our funding and income strategies."
For further information, please contact: Christopher Such MD, Structured Funding [email protected] For investor enquiries, please contact: Murray Long Head of Investor Relations [email protected]
About Shawbrook - Banking for the real world Over the last decade we have built a new type of bank that is designed to accommodate individuality, diversity and the dynamics of the modern world. Serving c.350,000 active and engaged customers during 2021, Shawbrook provides highly personalised, practical lending and savings products to individuals, businesses and real estate investors. To serve the evolving needs of our customers, and to meet the scale of our potential, we continue to deliver on our purpose: to power up ingenuity to create opportunity, every single day. 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.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAEASXFEELAEFA