NIBC Bank, a Netherlands based bank, began marketing a EUR750million ($1.02 billion) prime Dutch residential mortgage-backed securities (RMBS) deal.
Credit Suisse, Credit Agricole and NIBC have been named as lead managers on the deal.
The deal is backed by Dutch residential mortgages. Its capital structure includes two triple-A-rated classes. One class worth EUR182.1m ($247.3m) carries a 2-year weighted average life (WAL), while the other class worth EUR530.6 million carries a 5-year WAL