BEN starts marketing Torrens 2021-1 RMBS deal

On 8 April, Bendigo and Adelaide Bank (BEN) began taking indications of interest for its residential mortgage-backed securities (RMBS) deal, Torrens Series 2021-1 Trust. The deal has indicative volume of A$500 million (US$380.7 million) and can be upsized to a maximum of A$1 billion. Launch is expected in the week beginning 12 April. National Australia Bank is arranger, and joint lead manager alongside ANZ, Macquarie Bank and Westpac Institutional Bank.