HSBC Supports Saudi Arabia’s First Residential Mortgage-Backed Securities Issuance

HSBC has supported the Saudi Real Estate Refinance Company (SRC), a Public Investment Fund (PIF) entity, on Saudi Arabia’s first-ever Residential Mortgage-Backed Securities (RMBS) transaction.

The landmark RMBS issuance represents a significant milestone for the Kingdom’s financial sector and aligns with Vision 2030 objectives to expand housing finance, deepen capital markets, and attract foreign investment. The introduction of this new asset class enhances market liquidity, enabling lenders to optimize balance sheet capacity and support greater access to home ownership for Saudi families.

For institutional investors, the transaction offers a high-quality investment opportunity and contributes to the continued development of Saudi Arabia’s capital markets. As a ‘first-of-its-kind’ transaction, it also sets a benchmark for future securitization activity in the Kingdom and across the GCC region.

HSBC Saudi Arabia acted as Sole Lead Manager, Lead Coordinator and Structuring Advisor, supporting SRC across all stages of the transaction, from structuring and execution through to distribution and investor engagement. The transaction highlights HSBC’s leading investment banking capabilities and its long-standing strategic partnership with SRC, underpinned by a consistent role across SRC’s capital markets activities.