ME Bank's third non-government RMBS of 2009 adds to securitisation flow

On November 17 ME Bank priced a A$780 million (US$728 million) residential mortgage-backed security (RMBS) deal – its third non-government backed transaction of 2009 and the third asset-backed security (ABS) to price in Australia in a week. SMHL Securitisation Fund 2009-3 was also upsized from indicative volume of A$500 million at launch.