The European primary market has remained mostly quiet over the month of February.

However, the Italian RMBS deal from Veneto Banca that was announced on Friday is likely going to be followed by more securitizations in March, market analysts said.

The Italian RMBS offering named Claris RMBS 2011 S.R.L will be co-managed by JPMorgan and Natixis.

The deal is expected to be launched and priced depending on market conditions following a roadshow that starts this week, according to published reports.

It is the second European transaction that has come to market backed by Italian mortgages this year.

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