A new £350 million ($565.4 million) U.K. RMBS deal for the Skipton Building Society began marketing this week, according to market reports.

The deal comes as predictions for a reopening of the European market in March heat up. Deutsche Bank analysts said that the European public securitization market has seen a paltry €9.7 billion ($13.5 billion) of issuance this year. Several deals have alternatively been placed privately or retained by the issuing bank.

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