AFG launches 2020-1NC RMBS transaction

On 6 October, Australian Finance Group (AFG) launched its residential mortgage-backed securities (RMBS) deal, 2020-1NC Trust. Indicative total volume for the transaction is A$350 million (US$251.4 million), with the potential to upsize to A$500 million, and is expected to price on 9 October. National Australia Bank is arranger and joint lead manager alongside Commonwealth Bank of Australia.