Westpac doubles size of RMBS return to A$2 billion
- Friday, 18 December 2009
Westpac Banking Corporation (Westpac)'s (AA/Aa1/AA-) first residential mortgage-backed securities (RMBS) deal since May 2007 was upsized to A$2 billion (US$1.76 billion) for pricing on December 18. The Series 2009-1 WST Trust (WST 2009-1) was launched as an offering of a minimum of A$920 million in class A senior notes, with a further A$80 million divided between two subordinated tranches.
