{
  "id": 15569321,
  "title": "Together prices £409m mortgage-backed securitisation",
  "url": "https://urgent.news/2026/10/19/together-prices-409m-mortgage-backed-securitisation",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T06:07:26.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/together-prices-409m-mortgagebacked-securitisation-93CH-4956407"
  },
  "original_language": "en",
  "account": "Together Financial Services Limited has announced the pricing of its seventh public small balance mortgage-backed securitisation of commercial real estate, valued at £409 million. The securitisation, issued by Together Asset Backed Securitisation 2026-2 CRE-7 plc, features a weighted average cost of placed notes at 1.21% with a 95% advance rate. Fitch and DBRS are projected to rate 83.00% of the issued notes as AAA. The settlement is scheduled for October 28, 2026.\n\nThe portfolio backing this securitisation comprises a mix of first and second charge mortgages on commercial, residential, and mixed-use properties located across England, Wales, and Scotland. Notably, first charge mortgages make up 98.2% of the portfolio. Together's funding platform encompasses 12 existing public mortgage-backed securitisations, eight private securitisations, secured notes, and a revolving credit facility.\n\nChris Adams, Chief Financial Officer at Together, stated that the successful pricing of CRE7 is the fourth transaction in four months, highlighting the company's robust access to capital markets and strong investor support. BNP Paribas and Lloyds Bank Corporate Markets served as co-arrangers for the transaction, while Barclays, BNP Paribas, Citi, Lloyds Bank Corporate Markets, and Natixis acted as joint lead managers.",
  "summary": null,
  "key_points": [
    "Together Financial Services priced £409m mortgage-backed securitisation",
    "83% of notes projected to be rated AAA by Fitch and DBRS",
    "Settlement scheduled for October 28, 2026"
  ],
  "editors_take": "The rapid succession of these transactions demonstrates Together’s ability to maintain consistent access to capital markets through diverse funding channels despite a complex portfolio of commercial and residential mortgages.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}