NAB deal could drain Aussie RMBS liquidity
National Australia Bank has returned to the securitisation market for the first time since the financial crisis, and has launched a A$750m ($794.5m) deal backed by residential mortgages. The lender wants to repeat the success of securitisations by rivals Commonwealth Bank of Australia and Westpac — but bankers worry the deal could deprive other issuers of much needed liquidity.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts