Members Equity Bank to make late start to 2014

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. It has mandated 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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial