National's once-in-a-lifetime RMBS sets spread records

23 Sep 2004

National Australia Bank this week launched its exceptionally high quality RMBS at exceptionally tight spreads ? the tightest ever seen for Australian mortgages.

Aided by the short average life of 2.4 years, bookrunner Deutsche Bank priced the $1bn triple-A tranche at just 11bp over Libor ...

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