Delta Lloyd’s €700 million ($906 million)  ARENA RMBS deal kicks off 2011 issuance for European RMBS.

This is so far the only visible transaction in the new-issue pipeline, according to Royal Bank of Scotland analysts.

The new transaction is backed by prime residential mortgages originated by Delta mortgage subsidiary Amstelhuys. The loans were made to borrowers across the Netherlands, according to market reports.

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.