Three out of five wide for Australia’s B&A Bank

By Tom Porter
09 Dec 2014

Bendigo and Adelaide Bank sold a full stack of Australian RMBS notes on Tuesday, its second mortgage-backed deal of the year, with three tranches were sold at the wide end of guidance and one tranche inside guidance.

Deutsche Bank and National Australia Bank were lead managers on the A$600m Torrens Series 2014-2 Trust RMBS and they issued initial price thoughts on all five tranches of the deal last Thursday.

The A$552m 3.3 year triple-A rated Class A bonds were marketed at 80bp area over the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial