Commonwealth Bank of Australia has closed its first residential mortgage-backed securitisation of the year, raising a third more than it initially planned — and pricing the top level tranche at the tight end of guidance.
The bank closed the A$1bn deal, Medallion Trust Series 2012-1, at the end of last week, pulling off a big jump over the planned A$750m deal. It was the first time the bank had issued from its Medallion shelf since April last year, when it closed a A$3bn
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