Macquarie Bank (Macquarie) disclosed on 28 July that it is preparing to meet investors in a series of residential mortgage-backed securities (RMBS) meetings to commence the week of 31 July. An Australian dollar-denominated RMBS under Macquarie’s PUMA programme may follow, according to the meetings’ arrangers ANZ, Commonwealth Bank of Australia , Macquarie Bank, National Australia Bank, Wells Fargo Securities and Westpac Institutional Bank.
Motor Trade Finance (MTF) revealed on 26 July that it is preparing to meet asset-backed securities (ABS) investors in a series of meetings in New Zealand in early August. An ABS transaction may follow, according to the meetings’ arrangers Commonwealth Bank of Australia and Westpac Institutional Bank.
On 24 July, Resimac launched its Australian dollar-denominated residential mortgage-backed securities (RMBS) transaction, Resimac Premier Series 2017-2. The forthcoming deal has an indicative volume of A$500 million (US$396.2 million) and it is expected to price on or before 28 July, according to the arranger National Australia Bank, and joint lead managers J.P. Morgan, Mizuho and Westpac Institutional Bank.