BEN launches Torrens 2019-2 RMBS deal

On 11 November, Bendigo and Adelaide Bank (BEN) launched its residential mortgage-backed securities (RMBS) deal, Torrens Series 2019-2. Total indicative volume for the transaction is A$500 million (US$342.8 million), with the potential to upsize to A$1 billion. Pricing is expected on or before 15 November, according to joint lead managers ANZ, Macquarie Bank, National Australia Bank and Westpac Institutional Bank.