Amongst the flood of deals to close in the last couple of weeks, Deutsche Bank closed a E267 million ($278 million) synthetic securitization of second lien commercial mortgages for Deutsche Hypothekenbank (DHB), a subsidiary of the Netherlands's ING Group. ING Barings and BHF Bank were co-managers.

According to Deutsche, not only was the deal the first German CMBS, it was also the first synthetic securitization of European commercial mortgages.

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