New issuance in the European securitization market for the last three quarters of 2006 increased 54.1% versus the same period in 2005, said a report by the European Securitization Forum released today.
New securitizations that came to market reached 283 billion compared to last year's 196.2 billion. Meanwhile, new issuance is on target to reach 350 billion for the whole year, the ESF added. This growth was fueled by RMBS issuance that rose 70% to 150.6 billion. This sharp increase has resulted in RMBS accounting for 53.2% of the European securitization market.