Banca Popolare Vicenza has mandated UniCredit Bank, JPMorgan, the Royal Bank of Scotland and UBS as joint leads for its upcoming BERICA 9 prime Italian RMBS transaction.
This is the third RMBS from the country since the crisis began.
The transaction is expected to be launched and priced, subject to market conditions, following a roadshow commencing next week.
Activity in the European RMBS market has grown steadily since Delta Lloyd’s €700 million ($906 million) ARENA RMBS deal kicked off 2011 issuance for European RMBS back in very early January.
This Dutch transaction was backed by prime residential mortgages originated by Delta Lloyd mortgage subsidiary Amstelhuys.