Mortgage note from First Active

First Active has launched a #350 million (£275 million) mortgage-backed note to improve its funding

First Active has launched a #350 million (£275 million) mortgage-backed note to improve its funding. The securitisation is its sixth so far and was arranged by Credit Suisse First Boston and led jointly by CSFB and ABN-Amro. The notes are rated by Moody and are listed on the London and Irish Stock Exchanges.

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