Conyers advises Oaktown Re Ltd. on its first securitization of mortgage insurance portfolio risks

Conyers advised Oaktown Re Ltd. in connection with the completion of its first securitization of mortgage insurance portfolio risks. It issued US$211,320,000 Series 2017-1 Mortgage Insurance-Linked Notes comprised of US$98,616,000 Class M-1 Series 2017-1 Mortgage Insurance-Linked Notes due 25 April 2027, US$98,616,000 Class M-2 Series 2017-1 Mortgage Insurance-Linked Notes due 25 April 2027 and US$14,088,000 Class B-1 Series 2017-1 Mortgage Insurance-Linked Notes due 25 April 2027.

Charles Collis and Alexandra Macdonald of the Bermuda office worked on the matter.

 

---

---

---