ING transfers mezz, junior in Eu4bn of 100% LTV loans

03 Feb 2006

ING was back in the asset backed market this week, launching Stichting Memphis 2006-1, a Eu4bn partially funded synthetic Dutch residential mortgage backed security (RMBS).

ING retained the three most senior tranches, transferring only Eu469.2m of mezzanine and junior risk. ING and Lehman Brothers were joint bookrunners.

"The deal is ...

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