Deal and ratings review, week ending 24 May 2019

Residential mortgage-backed securities (RMBS) issuance was to the fore in the Australian market during the last full week of May, with Liberty Financial and Firstmac both pricing A$1.4 billion (US$964 million) deals. Meanwhile, Crédit Agricole printed a A$600 million EMTN and Svenska Handelsbanken brought a A$500 million Kangaroo bond - the first Kangaroo by a financial-institution issuer in 2019.