Bluestone launches Sapphire XXIII RMBS deal
- Monday, 29 June 2020
On 29 June, Bluestone Group launched its residential mortgage-backed securities (RMBS) deal, Sapphire XXIII 2020-1 Trust. The transaction has capped total volume of A$350 million (US$240.6 million) and may price as early as the day after launch. National Australia Bank is arranger, and joint lead manager alongside Commonwealth Bank of Australia and Macquarie Bank.
Sapphire XXIII 2020-1 Trust indicative price guidance and structure
|Tranche||Indicative volume (A$m)||Expected ratings (S/M)||Weighted-average life (no. of years)||Initial credit enhancement (per cent)||Indicative price guidance (bp/1m BBSW)|
Source: National Australia Bank 29 June 2020
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