Liberty launches A$1 billion RMBS deal
- Tuesday, 30 March 2021
Late in the day on 29 March, Liberty Financial launched a new residential mortgage-backed securities (RMBS) deal, Liberty Prime Series 2021-1. The capped A$1 billion (US$763.5 million) transaction is expected to price no later than 1 April. National Australia Bank is arranger and joint lead manager alongside BofA Securities, Commonwealth Bank of Australia, Deutsche Bank and Westpac Institutional Bank.
Liberty Prime Series 2021-1 structure and indicative price guidance
|Tranche||Volume (A$m)||Expected ratings||Initial credit enhancement (per cent)||Weighted-average life (years)||Indicative price guidance (bp/1m BBSW)|
Source: National Australia Bank 29 March 2021
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