Avanti Finance (Avanti) priced a rare New Zealand residential mortgage-backed securities (RMBS) transaction on 12 June, in a NZ$200 million (US$140.7 million) deal arranged by Westpac New Zealand (Westpac). With a limited universe of local RMBS against which to compare, deal sources say the similarities between the Australian and New Zealand markets came into play.
nonbank Yearbook 2023
KangaNews's eighth annual guide to the business and funding trends in Australia's nonbank financial-institution sector.