ECB Said to Seek 645 Million Euros of Dutch, Irish Mortgage Debt
- Investors asked to submit offers to sell RMBS to ECB
- Central bank stepping up efforts to buy ABS to spur lending
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The European Central Bank is seeking to acquire as much as 645 million euros ($725 million) of Dutch and Irish mortgage bonds as it increases efforts to buy asset-backed securities, according to three people familiar with the matter.
The central bank is asking investors to sell their holdings in 15 residential mortgage-backed securities, including bonds backed by loans originated by units of Dutch insurer Aegon NV and Irish lender Permanent TSB Group Holdings Plc, said the people, who asked not to be identified because they’re not authorized to talk about it. Noteholders are requested to submit offers by 2 p.m. London time on Thursday, according to an offers-wanted-in-competition, or OWIC, document obtained by Bloomberg.