Deutsche Bank recently launched a jumbo E1.76 billion ($1.7 billion) MBS deal backed by payments on over 23,000 of its own residential mortgages. The transaction, called HAUS 2000-1, is the second in the series, following the launch of HAUS 1998-1 in May 1998.
It was split into four floating rate tranches. The E319.4 million 0.65 year average life senior A1 tranche, rated Aaa/AAA by Moody's Investors Service, Standard & Poor's and Fitch IBCA, priced at 11 basis points over one month Euribor. The spread on the 5.94-year average life E1.35 billion A2 tranche, also rated triple-A, priced at 30 over .