New Italian RMBS On The Way

17 Jun 2008

Meliorbanca SpA is preparing a €325 million ($503 million) residential mortgage-backed securitization backed by a pool of prime loans originated by the bank on homes across Italy.

--Alex Sebastian

Meliorbanca SpA is preparing a €325 million ($503 million) residential mortgage-backed securitization backed by a pool of prime loans originated by the bank on homes across Italy. The deal is spread across a €292 million ($452 million) class A tranche rated AAA by Standard & Poor’s, a ...

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