The Irish Stock Exchange has described itself as one "of the main markets for asset-backed securities" after Deutsche Bank listed a €350 million mortgage-backed floating rate note on the Irish market
In a statement the exchange said its position as one of the main markets for listing asset-backed and specialist debt securities had also been confirmed by Valentia/Eircom's decision to list securities worth more than €1 billion in Dublin.
A €550 million note issued by Valentia and two subordinated notes worth €285 million and €250 million from Eircom have now been listed on the Irish market.
In a separate development, Deutsche Bank has listed a £244 million sterling (€350 million) commercial mortgage-backed floating rate note on the Irish market.
The proceeds will be used to purchase a £244 million sterling tranche of a £287 million sterling loan secured on 11 district shopping centres in England and Wales.
The Irish Stock Exchange's director for listings, Ms Deirdre Somers, said: "We are delighted with the decision by Valentia and Deutsche Bank and their listing agents, Goodbody Stockbrokers and Ernst & Young, to list these specialist securities on the Irish market."
