On 27 May, ME Bank launched its residential mortgage-backed securities (RMBS) deal, SMHL 2019-1. The transaction is expected to price on or before 31 May and has indicative minimum total volume of A$750 million (US$519.8 million). ANZ is arranger for the deal and joint lead manager alongside Commonwealth Bank of Australia, MUFG Securities, National Australia Bank and Westpac Institutional Bank.