Avanti launches New Zealand RMBS deal

On 13 June, Avanti Finance (Avanti) launched its residential mortgage-backed securities (RMBS) deal, Avanti RMBS 2019-1. The forthcoming transaction is expected to price on or before 18 June and is capped at NZ$200 million (US$131.6 million). Westpac New Zealand is the arranger and sole lead manager.