Deutsche Bank

Wednesday, 24 May 2017

Kangaroo SSA mid-curve flickers on positive demand notes

Mid-curve Kangaroo market pricing has swung back into a range that some global supranational, sovereign and agency (SSA) borrowers consider to be an acceptable premium for diversification purposes, market participants say. A recent-year issuance decline shows signs of having bottomed out – though it is yet to rebound – and market users say demand for the SSA product is steadily broadening.

Monday, 08 April 2019

CRD-IV compliance boosts offshore demand for Bluestone’s latest RMBS

Until 2019, Bluestone Group (Bluestone)’s transactions were largely designed with Australian and New Zealand investors in mind. However, a move to issue in line with Capital Requirement Directives-IV (CRD-IV) regulation means Bluestone’s first residential mortgage-backed securities (RMBS) deal of the new calendar year garnered record volume and brought with it increased offshore investor recognition and participation, issuer and leads say.

Monday, 01 April 2019

Bluestone launches capped Sapphire 2019-1 transaction

On 2 April, Bluestone Group (Bluestone) launched its residential mortgage-backed securities (RMBS) deal, Sapphire 2019-1. The forthcoming transaction is capped at A$400 million (US$284.5 million) and is expected to price on or before 4 April. National Australia Bank is arranger for the transaction, as well as joint lead manager alongside Commonwealth Bank of Australia, Deutsche Bank and Macquarie Bank.

Wednesday, 27 March 2019

Bluestone taking indications of interest for Sapphire 2019-1 RMBS deal

On 27 March, Bluestone Group (Bluestone) began taking indications of interest for its residential mortgage-backed securities (RMBS) transaction, Sapphire 2019-1 Trust. The potential deal has indicative total volume of A$400 million (US$284.1 million) and is expected to launch and price in the week beginning 1 April. 

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