National Australia Bank
National Australia Bank (NAB) aims to free up regulatory capital for additional renewable-energy lending by funding part of its existing loan portfolio via an external trust vehicle. While investor demand makes renewables particularly suitable for this type of transaction, NAB also believes it could be applied elsewhere in the institutional balance sheet.
AMP Bank launched its residential mortgage-backed securities (RMBS) transaction, Progress 2018-1, on 19 June. The forthcoming deal has an indicative total volume of A$750 million (US$556.7 million) and is expected to price on or before 22 June.
On 18 June, Teachers Mutual Bank (Teachers Mutual) (BBB/Baa1) revealed plans to hold a conference call to update investors regarding a possible three-year domestic transaction. The conference call, to take place on 20 June, will be arranged by National Australia Bank and Westpac Institutional Bank.
On 15 June, AMP Bank began taking indications of interest for its residential mortgage-backed securities transaction, Progress 2018-1. The deal has an indicative total volume of A$750 million (US$559.7 million) and is expected to launch in the week beginning 18 June.