Cam pulls in new accounts with new amortisation features

Bookrunner Calyon, with joint leads Caja de Ahorros del Mediterraneo (Cam), Dexia and UBM, this week launched Cam's sixth securitisation of residential mortgages. The Eu1.3bn TdA Cam 6, FTA sported a structural innovation designed to broaden the issuer's investor base. Meanwhile Deutsche Bank and SG have released price guidance for MBS Bancaja 3, FTA, Bancaja's Eu810m mixed securitisation of residential and commercial mortgages extended to individuals. Kensington's Irish subsidiary Start Mortgages will launch Lansdowne Mortgage Securities No 1 Plc, the first Irish non-conforming deal, next week. The transaction offers Eu370m of near and sub prime Irish residential mortgages across six notes, rated triple-A down to double-B by all three rating agencies.