Equifinance Limited, the UK based second charge lender, has closed its second public securitisation. The issuance, East One 2025-1, is backed by c.£260m second charge residential assets. The transaction was oversubscribed, with participation from around twenty global investors, and priced significantly tighter compared to Equifinance’s inaugural deal in 2024.
The lender’s management team has extensive experience in consumer lending, servicing, and risk management. This is the second transaction under the East One shelf, with the Equifinance platform aiming to become a regular UK second charge RMBS issuer.
Chris Payne, Chief Financial Officer at Equifinance, commented, “We are delighted to have closed our second securitisation. The pricing and level of investor participation for the issuance demonstrates the quality of assets we continue to generate at Equifinance. The East One 2025-1 transaction represents a significant step in the company’s strategy of becoming a programmatic RMBS issuer.”
