ACCU ahead of the crowd in year-end RMBS scramble

11 Nov 2010

Australian Central Credit Union (ACCU) priced a A$530m ($532m) residential mortgage-backed securitisation on Wednesday, leading a crowd of prospective issuers jostling to hit the market before the end of the year.

ACCU jumped ahead of several other borrowers that plan to tap the RMBS market before investors leave for Christmas. Resimac is expected to launch a A$300m deal within the next week while AMP Bank is planning a A$500m transaction, according to bankers.

Bendigo and Adelaide Bank also wants ...

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