Finish Bank Closes €7.5 Bln RMBS

Finland’s Nordea Bank has put together a jumbo residential mortgage-backed securities fund, Kirkas Northern Lights, worth €7.5 billion ($9.9 billion).

  • 20 Oct 2008

--Cristina Pittelli

Finland’s Nordea Bank has put together a jumbo residential mortgage-backed securities fund, Kirkas Northern Lights, worth €7.5 billion ($9.9 billion). Moody’s Investors Service has assigned a AAA rating to the deal, which is set to mature in 2090. A subordinate tranche has not been rated.

The transaction ...

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1 Bank of America Merrill Lynch (BAML) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

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