RMBS emerged as a major theme in last week's relatively sluggish European market, as several mortgage deals from the U.K., Portugal and Spain sought investors.

Permanent Financing No. 6, a GBP3.87 billion equivalent deal from HBOs, dominated the week, pricing at new tights. Citigroup, Credit Suisse First Boston and Deutsche Bank Securities led the benchmark U.K. RMBS deal, divvied up across 16 tranches and denominated in Euros, Sterling and U.S. dollars.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.