Förvaltnings AB Framtiden, a wholly-owned subsidiary of City of Gothenburg and the largest owner of multi-family houses in Gothenburg, is set to issue its second round of mortgage-backed bonds and has chosen SEB Merchant Bank as its lead manager.

In its first Euro denominated transaction, totalling €300m ($253m), Framtiden is looking to tap the European investor market as part of its strategy to use securitisation as a means of diversifying its funding base beyond a traditional reliance on bilateral banking relationships and the syndicated loans market.