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.
