La Trobe Financial priced a A$300 million (US$230.4 million) nonconforming residential mortgage-backed securities (RMBS) issue – La Trobe 2017-1 – on 16 March. Indicative price guidance over one-month bank bills was 145 basis points area on the A$165 million 2.1-year weighted-average life (WAL) A1 tranche, 190 basis points area on the A$45 million 2.1-year WAL A2 class and 200 basis points area on the A$45.3 million 2.1-year A3 class.