Deutsche Bank is expected to close its £210m Merry Hill securitisation this month.
The commercial mortgage- backed securitisation, which has been sold to US and European investors, will be the second new issuance completed by the bank following the £300m Chiswick Park deal in June last year.
The five-year loan to Queensland Investment Corporation has been securitised in three tranches, which break down into a £180m AAA tranche, a £15m AA+ tranche and a £15m A+ tranche.
Deutsche Bank refinanced the loan last summer and considered syndication before opting for securitisation.
QIC owns a 50% stake in the 1.7m sq ft shopping centre located near Birmingham.
Westfield owns the remaining 50% stake.
