EMEA

摘要

Venn partners priced its debut Dutch RMBS last Friday afternoon, providing it with the funding mechanism to become an originator in the residential lending space. The portfolio backing cartesian residential mortgages 1 was acquired from GE Artesia in December, but the special credit investor had been eyeing the Dutch market since 2012. It bought a €500m portfolio, stripped out under €30m worth of loans and packaged them. The big hitters of the market have a number of funding options available to them (covered bonds, senior unsecured and deposits) and so typically focus on Triple A-only deals, as anything else just becomes more expensive incremental funding.