Deutsche deal opens door to new German mortgage mart

May 15, 1998 12:00 am

DEUTSCHE Bank launched the first securitisation of regular German mortgages in a DM1.4bn ($787m) deal that signals the advent of a new asset class in Europe. It also demonstrates a quantum jump in thinking at Europe's largest home grown bank, and reflects the changes pushing securitisation to centre stage in the Continent's capital markets.

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