B&A Bank keeps Aussie RMBS rolling after Westpac jumbo

By Tom Porter
04 Dec 2014

Bendigo & Adelaide Bank added another A$600m (€409m) of Australian RMBS to the pipeline on Thursday, and though larger than the issuer’s previous offering this year the size pales in comparison to a deal from Westpac priced moments earlier.

Westpac priced its second RMBS transaction of the year on Thursday in Australia, pricing the A$2.5bn three year senior notes in line with guidance at 75bp over the bank bills swap rate.

That spread is exactly in line with the bank’s previous 2014 trade in May, and slightly ...

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