B&A and Mystate to build on Westpac’s jumbo RMBS

By Tom Porter
04 Dec 2014

New mandates from Bendigo and Adelaide Bank and MyState Financial this week showed Australian issuers are not taking their foot off the RMBS gas in the run-up to Christmas, despite the Australian dollar investor base absorbing another A$2.7bn of supply from Westpac on Thursday.

Bendigo and Adelaide Bank mandated Deutsche Bank and National Australia Bank for its second RMBS trade of the year on Thursday, issuing initial price thoughts on all five tranches of its A$600m Torrens Series 2014-2 Trust.

The A$552m 3.3 year triple-A rated Class A bonds with 8% credit ...

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