People's Choice starts marketing Light Trust 2019-1 RMBS deal

On 19 July, People's Choice Credit Union (People's Choice) began taking indications of interest for its new residential mortgage-backed securities (RMBS) deal, Light Trust 2019-1. Indicative total volume for the transaction is A$500 million (US$353 million) and is expected to launch in the week beginning 22 July. National Australia Bank is arranger for the deal and joint lead manager alongside ANZ, Macquarie Bank and Westpac Institutional Bank.