Deutsche Bank plans to issue €250 million ($324 million) of securities backed by two commercial mortgage loans that are secured by 20 properties, according to a person familiar with the deal.

The underlying loans have terms of five years.

The transaction, dubbed DECO 2014-TULIP LIMITED, will offer five tranches of floating rate notes that are expected to be rated by Standard & Poor’s and DBRS. On offer are four-year class A notes, 4.2-year class B notes, 4.2-year class C notes, 4.2-year class D notes and 4.2-year class E notes.

The pool offers a mix of properties located throughout the Netherlands. Retail properties make up the biggest slice of the pool at 54.6%; office properties represent the second biggest slice at 42.2% and the rest is comprised of mixed-use properties. The properties are 85.8% occupied.

Deutsche Bank plans to retain 5% of each class of notes to satisfy risk-retention requirements.

In July the bank was looking to sell a £750 million ($1.26 billion) of bonds backed by the Westfield shopping center. Deutsche Bank and Credit Agricole, the lead arrangers on the single-tranche deal, opted not to retain a 5% stake in the deal since it was not classified as a securitization under the European Commission’s Capital Requirements Directive (CRD) retention rules.  The CRD defines a securitization as comprising multiple tranches of bonds.

However according to several market reports the deal was eventually postponed as several investors believed there should be 5% retention within the capital structure.

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