AMP taking indications of interest for Progress RMBS deal

On 16 September, AMP Bank revealed initial price guidance for its Progress 2020-1 residential mortgage-backed securities (RMBS) deal. The indicative A$500 million (US$365.2 million) transaction is expected to launch in the week beginning 21 September. Deutsche Bank is arranger, and joint lead manager alongside Commonwealth Bank of Australia, Macquarie Bank, MUFG Securities, National Australia Bank and Standard Chartered.