Achmea Hypotheekbank, a Dutch mortgage lender, is readying its second-ever residential mortgage-backed securitization. The E1 billion deal, dubbed DMPL-2, should be priced within the next two weeks and is being lead managed by ABN AMRO and Deutsche Bank. The deal's roadshow started last week, according to an official at Deutsche Bank.
Price talk was not available last week. The deal features a low loan-to-value level of 72% and includes mortgages with an average seasoning of 41 months, according to the Deutsche Bank official. Achmea's first deal came to market in 2000. That deal's triple-A rated tranche was priced at 26 basis points over three-month Euribor.