Irish Bank Rolls Out Latest RMBS

12 Nov 2008

KBC Mortgage Bank has come out with its fourth publicly rated securitization of Irish prime residential mortgages, the €3.2 billion ($4.01 billion) Phoenix Funding 3.

-- Olivia Thetgyi

KBC Mortgage Bank has come out with its fourth publicly rated securitization of Irish prime residential mortgages, the €3.2 billion ($4.01 billion) Phoenix Funding 3. The bonds are backed by a portfolio of owner-occupied and buy-to-let mortgage loans secured by Irish residential properties.

Two classes are notes ...

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