National Australia Bank
On 20 July, KangaNews and National Australia Bank hosted their second annual Fixed Income Beyond the Institutional Sector Summit in Sydney. With more than 500 delegates in attendance the event went to a new level in 2017, as speakers shared views on how noninstitutional investors will engage with the fixed-income asset class in a rapidly changing world.
Leads and issuer on Australia’s third-ever wholesale additional tier-one (AT1) deal and the first to write off rather than convert at point of nonviability (PoNV) – as printed by ME Bank on 16 November – say the transaction demonstrates the continued evolution of bank capital optimisation.
RedZed Lending Solutions (RedZed) revealed on 20 November that it has mandated Commonwealth Bank of Australia and National Australia Bank to engage investors in relation to a potential residential mortgage-backed securities (RMBS) transaction. A transaction under the RedZed Trust Series RMBS programme may follow.