Finish Bank Closes €7.5 Bln RMBS

20 Oct 2008

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

--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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