Tampa Finance 2026-1 DAC: 09 July 2026

A stand-alone transaction, where the issue is backed by prime performing first-lien home loans originated by HSBC Continental Europe. The pool for FCT Chagall (the AssetCo) contains over €3.5 billion French home loans, of which Tampa Finance 2026-1 DAC, the Issuer, is entitled to a percentage of collections. It will be the debut public deal from Rothesay.

As at the Cut-Off Date there were 15,809 accounts in the Home Loan Portfolio, where the average current balance is €242,205. All of the Home Loans in the Home Loan Portfolio were originated from 23 December 2010 onwards, with the last date of origination being 2 January 2024. The WA current LTV (indexed) is 60.40% and the WA seasoning is 5.40 years.

EU & UK Risk Retention: The Retention Holder (Carnoon Bay Capital DAC) as Originator will retain not less than 5% of the nominal value of each of the securitised exposures.

US Risk Retention: The transaction is not intended to involve the retention by a sponsor of at least 5% of the credit risk of the securitised assets for purposes of compliance with the US Risk Retention Rules, but rather intends to rely on an exemption provided for in Section 20 of the US Risk Retention Rules regarding non-US transactions.

STS: On or about the Closing Date, it is intended that the Retention Holder, as Originator for the purposes of the EU Securitisation Regulation, will procure that a notification is submitted to ESMA confirming that the requirements of Articles 19 to 22 of the EU Securitisation Regulation have been satisfied in respect of the Notes.

Compare/contrast: FCT Credit Agricole Habitat 2026, Boursorama Master Home Loans France