The securitisation transaction, which is the sixth in the Atlas programme, was upsized to £360m, with Lendco citing “strong investor demand”.
Lendco noted that it had “attracted the tightest pricing” the programme has seen to date.
The firm said it was building a “reputation as a regular issuer” in the UK securitisation market and is “attracting an ever-growing investor base”.
Lendco was launched in 2018, and since then, it has originated over £2.5bn of BTL and bridging loans.
Simon Knight, Lendco’s CEO, said: “Lendco more than doubled its market share last year and this latest successful issuance marks a milestone for the business in generating sufficient volumes to support a second securitisation within the same year. We believe the strong investor demand is testament to the consistently high credit quality of the loans we originate.”
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Adrian Scragg, director of treasury, capital markets, and ESG at Lendco, added: “Atlas 2025-2 is our first-ever STS transaction and we’re pleased to have introduced this as another enhancement to our programme. This is also a landmark issuance for us as we surpass an aggregate of £2bn of securitised assets since we launched the programme in 2021.”
The transaction was arranged by Santander, with Barclays, BNPP, HSBC, Lloyds and Santander as joint lead managers.
