Fox Symes launches nonconforming RMBS deal
- Tuesday, 10 December 2019
On 10 December, Fox Symes launched a nonconforming residential mortgage-backed securities (RMBS) deal, Fox Symes Home Loans 2019-1 PP Trust. Total capped volume for the forthcoming deal is A$200 million (US$136.5 million), with pricing expected on or before 12 December. Westpac Institutional Bank is arranger and lead manager.
Related news
Sydney Airport the latest domino to fall as Australia’s corporate market proves its mettle
Sydney Airport’s largest-ever transaction in the Australian dollar market – which is also its first public domestic deal since 2011 – provides another sign of growing corporate borrower confidence in the local funding option. The chance to access extended tenor at volume in line with a global core market benchmark print clearly moved the dial for an issuer that has historically been wary of the reliability of domestic issuance.
Adelaide Airport rekindles investor relations in domestic return as it hits funding turning point
Following its first Australian dollar deal in seven years, Adelaide Airport says re-engaging with the local investor base was a top priority as it embarks on a new capex plan and plans for upcoming maturities. While issuance has slowed since a hectic end to Q1, the deal book demonstrates ongoing robust demand for Australian dollar corporate credit.