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Second securitisation for Anglo Back  
Anglo Irish Bank has launched a second securitisation of UK commercial mortgages through a special purpose company, Monument Securitisation (CMBS) No.2 Limited. Worth E628 million, the transaction was made up of 138 loans backed by security over 273 properties and was financed through the issuance of tiered rated bonds to UK and European institutional investors.
The first securitisation, completed in September 2000, raised ?375 million.
According to Bernard Daly, director of treasury, Anglo Irish expect to complete further securitisations in the future to raise capital and funding to support the growth of the bank.

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