KfW, the German state development agency, is preparing the second in a series of mortgage-backed securitisations that give Germany's mortgage lenders a way of freeing up precious capital.
The deal, which is part of KfW's "Provide" programme, will be the first public residential mortgage-backed securities (RMBS) issue from DePfa Bank, the German financial institution. The transaction is being structured and managed by Commerzbank Securities.
