AMP Bank launches Progress 2019-1 RMBS deal

On 3 June, AMP Bank launched its residential mortgage-backed securities (RMBS) deal, Progress 2019-1 Trust. The forthcoming transaction has indicative total volume of A$750 million (US$520 million), with the potential to upsize. Pricing for the deal is expected on or before 6 June. National Australia Bank is arranger and joint lead manager alongside ANZ, Commonwealth Bank of Australia, Deutsche Bank and MUFG Securities.