Dutch mortgage lenders NN Bank and NN Leven plan to sell bonds backed by a portfolio of residential mortgage assets worth €595 million ($666 million), according to Moody’s Investors Service.

The collateral pool backing Hypenn RMBS IV has 20.2% exposure to mortgages that pay only interest and hav no specific maturity date. However the legal final maturity of the notes issued by the trust is 2097, by which time most of borrowers will be theoretically aged at least 120 years old.

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