IL&P raise €1.5bn in securitisation

Irish Life & Permanent has raised more than €1.5bn in a major securitisation of the mortgage book of its UK subsidiary, Capital Home Loans (CHL).

Irish Life & Permanent has raised more than €1.5bn in a major securitisation of the mortgage book of its UK subsidiary, Capital Home Loans (CHL).

The securitisation is the largest ever undertaken by the Group.

Group Finance Director Peter Fitzpatrick said demand for the issue from Irish and European investors had significantly exceeded expectations.

"The strength of the demand for the bond has enabled us to exceed our pricing expectations and has made this the most successful securitisation yet undertaken by the Group," said Fitzpatrick.

The proceeds of the issue are to be used to fund future lending at CHL.

CHL is a wholly-owned subsidiary of Irish Life & Permanent. It specialises in providing mortgage finance for the buy-to-let market in the UK.

More in this section

Price info
IE_180_logo
Price info

Subscribe to unlock unlimited digital access.
Cancel anytime.

Terms and conditions apply

Budget 2022 Logo

What impact will this  year's budget have on you and your business.

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo
IE-logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day. PS ... We would love to hear your feedback on the section right HERE.

Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up