AMP Bank starts marketing Progress 2017-2 RMBS transaction

On 29 November, AMP Bank began taking indications of interest for a new residential mortgage-backed securities (RMBS) transaction, Progress 2017-2. The deal has indicative total volume of A$750 million (US$570.4 million) and is expected to launch in the week commencing 4 December, according to arrangers MUFG Securities and Westpac Institutional Bank, and additional lead managers Deutsche Bank, Macquarie Bank and National Australia Bank.