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.

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