On 30 May, AMP Bank began taking indications of interest for its new residential mortgage-backed securities (RMBS) deal, Progress 2019-1 Trust. The forthcoming transaction has minimum total volume of A$750 million (US$519.1 million) and is expected to launch on 3 June. National Australia Bank is arranger for the transaction and joint lead manager alongside ANZ, Commonwealth Bank of Australia, Deutsche Bank and MUFG Securities.