Equifinance has completed its second public securitisation, with the £260 million East One 2025-1 deal attracting strong investor demand.

The UK-based second-charge lender has closed its latest public securitisation backed by about £260 million of second-charge residential assets.

The East One 2025-1 issuance was oversubscribed, drawing interest from around 20 global investors and pricing materially tighter than the firm’s inaugural transaction in 2024.

The deal is the second under Equifinance’s East One shelf, a programme the lender intends to build out as it positions itself as a regular issuer in the UK second-charge RMBS market.

The management team has longstanding experience across consumer lending, servicing and risk management, which the firm says has helped underpin consistent asset quality.

Chris Payne, chief financial officer at Equifinance, said: “We are delighted to have closed our second securitisation. The pricing and level of investor participation for the issuance demonstrates the quality of assets we continue to generate at Equifinance.

“The East One 2025-1 transaction represents a significant step in the company’s strategy of becoming a programmatic RMBS issuer.”