Avanti taking IOIs for RMBS deal

On 1 October, Avanti Finance began taking indications of interest (IOI) for its residential mortgage-backed securities (RMBS) deal, Avanti RMBS 2020-1. The transactions has indicative volume of NZ$250 million (US$165.7 million) and may launch in the week beginning 5 October. Westpac New Zealand is sole lead manager.