AMP Bank launches Progress 2020-1 RMBS transaction

On 21 September, AMP Bank launched its Progress 2020-1 residential mortgage-backed securities (RMBS) deal. The indicative A$500 million (US$365.8 million) transaction, with the potential to upsize, is expected to price on 24 September. Deutsche Bank is arranger, and joint lead manager alongside Commonwealth Bank of Australia, Macquarie Bank, MUFG Securities, National Australia Bank and Standard Chartered.