pdf-articles Ratings /ratings/en/research/pdf-articles/210609-presale-finance-ireland-rmbs-no-3-dac-11907416 content esgSubNav

Presale: Finance Ireland RMBS No. 3 DAC

Finance Ireland is a nonbank specialist lender in Ireland. It was established in 2002, and it has businesses that specialize in motor finance, asset finance and leasing, commercial mortgages, and agriculture finance. In 2018, it entered the residential mortgage market with the acquisition of Pepper Money's origination business and mortgage book. Its two largest shareholders are investment management firm PIMCO and the Ireland Strategic Investment Fund (ISIF). Finance Ireland uses securitization to fund its mortgage business, and this is its third RMBS transaction.