AMP Bank launches first Progress RMBS this year

By Joseph McDevitt
29 Aug 2013

AMP Bank has launched its first Australian RMBS of the year, the A$500m Progress 2013-1 Trust. The deal is the fifth Australian RMBS to hit the market in the past month.

The deal, which was arranged by Deutsche Bank, will offer notes from four tranches, all in Australian dollars. Lead managers Commonwealth Bank Australia, Deutsche Bank, National Australia Bank and Westpac put out price guidance on Thursday of one month BBSW plus 100bp area for the triple-A rated A$460m ...

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