Europe joined the growing line of U.K. RMBS issues with the announcement of a new €900 million ($1.4 billion) deal from Dutch mortgage provider Delta Lloyd.

The MBS notes will be issued via Delta Lloyd’s Arena bond program. The notes pool home loans originated by Amstelhuys, a subsidiary of Delta Lloyd.

Investors will be offered a total 832.5 million euros of top-rated notes in two portions, published reports said. The remainder will be retained by the issuer.

The last public sale of Dutch MBS was by Lehman Brothers Holdings, which issued €700 million of the debt in 2007 through its Eurosail program.
    

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