CommBank returns to RMBS market with new A$3 billion transaction [UPDATED]
- Thursday, 31 March 2011
On April 6, Commonwealth Bank of Australia (CommBank) issued a A$3 billion (US$3.1 billion) residential mortgage-backed securities (RMBS) transaction, which was upsized from a launch volume of A$1 billion. It is the second RMBS to come from a domestic major bank this year and CommBank's first since 2007, although it did issue through its Bankwest subsidiary in November 2010.
