Bendigo & Adelaide opens books for return to RMBS

Australia’s Bendigo & Adelaide Bank will sell up to A$850.4m ($886.5m) in a four tranche RMBS transaction from its Torrens Series 2013-1 Trust, which it is expected to price on Friday.

  • 08 Feb 2013

Bankers approached investors with guidance of around 95bp over swaps for a A$790m Class ‘A’ tranche at the start of the week, pitching the note with 7.1% credit enhancement. They also released pricing of the 200bp area for a A$39.15m Class ‘AB’ tranche with 2.5% credit enhancement.

Bankers said ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

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1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
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