ME Bank
ME Bank prices A$1 billion SMHL 2020-1 RMBS
ME Bank launches SMHL 2020-1 RMBS deal
On 7 December, ME Bank launched its residential mortgage-backed securities (RMBS) deal, SMHL Securitisation Trust 2020-1. Total indicative volume for the deal is A$500 million (US$371.7 million) and is expected to price by 10 December. ANZ is arranger and joint lead manager alongside Commonwealth Bank of Australia, MUFG Securities and National Australia Bank.
ME Bank taking indications of interest for its capital-relief RMBS deal
On 3 December, ME Bank began taking indications of interest for its capital-relief residential mortgage-backed securities (RMBS) deal, SMHL Securitisation Trust 2020-1. Total indicative volume for the deal is A$500 million (US$370.6 million) and is expected to launch in the week beginning 7 December. ANZ is arranger and joint lead manager alongside Commonwealth Bank of Australia, MUFG Securities and National Australia Bank.
ME Bank exploring capital-relief RMBS deal
ME Bank revealed plans for a potential Australian dollar denominated, capital-relief, residential mortgage-backed securities (RMBS) deal, SMHL 2020-1, on 30 November. ANZ has been mandated as arranger and lead manager alongside Commonwealth Bank of Australia, MUFG Securities and National Australia Bank.
ME Bank prints A$400 million three-year FRN deal
ME Bank launches three-year domestic benchmark FRN deal
On 4 July, ME Bank (BBB/Baa1) launched a new, three-year, Australian dollar denominated benchmark senior-unsecured floating-rate note (FRN) transaction. Indicative price guidance for the forthcoming deal is 105 basis points area over three-month bank bills, according to joint lead managers ANZ and National Australia Bank. The transaction is expected to price on the day of launch.
