ME Bank adds one-year USD bullet to its latest RMBS
Provisional 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.
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