ME Bank adds one-year USD bullet to its latest RMBSProvisional ratings have been assigned to a forthcoming residential mortgage-backed securities (RMBS) issue from ME Bank which includes a one-year bullet maturity tranche provisionally sized at US$300 million. The bullet tranche is supported by a redemption facility provided by National Australia Bank (NAB), under which NAB guarantees to underwrite any potential shortfall in the tranche’s redemption fund at maturity date.
Latest Issue 2013 May
Asset allocation innovations. Corporates in focus: offshore funding and equity credit hybrids. RBNZ on the pourpose of OBR. Plus news, commentary, market analysis and deal data.