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Report: Permanent TSB sells €500M of RMBS

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Report: Permanent TSB sells €500M of RMBS

Permanent TSBGroup Holdings Plc completed a €500 million residential mortgagesecuritization withan effective interest rate of 0.4%, TheIrish Times reported Sept. 27.

The five-year notes were issued through a vehicle calledFastnet Securities 12, sources told the newspaper. The RMBS issuance is thebank's first since November 2013.