Paragon completes latest securitisation deal

Paragon Mortgages No.23 is the sixth deal completed by the Group since September 2013, bringing the total number of securitisation deals completed to date by the specialist lender to 61.
 
The £300 million deal marks a further step in the Group’s strategy to broaden and diversify its funding.
 
John Heron, Managing Director of Paragon Mortgages, said:

“This is our sixth deal in less than two years, raising £1.8 billion in total over that period and further demonstrating the strength of Paragon’s programme and depth of demand from both Sterling and Euro investors.  Given the recent turbulence in European bond markets, this continued support by the investor community underlines the quality of Paragon’s buy-to-let assets and the Group’s position as a leading UK securitiser.”