Deutsche Bank appointed on Permanent TSB’s Fastnet Securities 20 DAC Irish RMBS transaction

Deutsche Bank’s Trust and Securities Services (TSS) business has been appointed on Fastnet Securities 20 DAC, a €1.5bn Irish residential mortgage-backed securitisation (RMBS) backed by a portfolio of residential mortgage loans originated by Permanent TSB p.l.c.

The transaction marks the latest issuance in Permanent TSB’s established Fastnet securitisation programme and reflects continued activity in the RMBS market. Deutsche Bank is supporting the transaction with a broad suite of trustee and agency services, helping provide the infrastructure required for efficient execution and ongoing transaction support.

The mandate represents a further expansion of Deutsche Bank’s Irish RMBS footprint and demonstrates the continued growth of its securitisation transaction services capabilities in Europe.

“We are delighted to welcome back Permanent TSB to Deutsche Bank’s TSS Europe platform for this latest Fastnet issuance,” said Jason Connery, Head of Corporate Bank UK & Ireland and Head of TSS Europe at Deutsche Bank.