ING Bank Australia (ING Australia) revealed on 19 May that it has started taking indications of interest on the A$460 million (US$341.9 million) class A tranche of its new IDOL 2017-1 residential mortgage backed securities (RMBS) deal. The tranche, which has a weighted average life of 2.84 years according to lead managers ING, Macquarie Bank, National Australia Bank and Westpac Institutional Bank, is being marketed in the area of 105 basis points over one-month bank bill swap rate.