Members Equity Bank to bring first RMBS of 2014

MEB 230x
By Tom Porter
17 Jul 2014

Members Equity Bank will next week make its first 2014 appearance in the Australian dollar RMBS market, later than in any of the last five years as it becomes less reliant on securitization, after mandating banks for a four tranche deal.

MEB offers credit cards, personal loans and car loans but 95% of its lending assets are residential mortgages. The lender typically issues two or three RMBS transactions a year like clockwork, but the last time it waited until July to launch the first deal of the year from ...

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