On 3 June, Bendigo and Adelaide Bank (BEN) launched its prime residential mortgage-backed securities (RMBS) deal, Torrens 2019-1. The forthcoming transaction has an indicative minimum total volume of A$500 million (US$346.6 million) and is expected to price on or before 7 June. National Australia Bank is arranger for the transaction and joint lead manager alongside ANZ, Deutsche Bank, Macquarie Bank and Westpac Institutional Bank.