CUA has expected ratings assigned to RMBS deal
- Wednesday, 26 September 2018
On 26 September, S&P Global Ratings assigned preliminary ratings to Credit Union Australia (CUA)'s proposed residential mortgage-backed securities (RMBS) deal, Series 2018-1 Harvey Trust. Fitch Ratings assigned its expected ratings on the previous day. CUA mandated ANZ, Macquarie Bank, National Australia Bank and Westpac Institutional Bank for the potential transaction on 10 September.
Financial institution issuers yearbook 2018.
The first annual guide to global financial-institution issuers.
investing with impact Yearbook 2017
KangaNews's first-ever supplement focusing on sustainability in the Australian fixed-income market.
nonbank Yearbook 2018
KangaNews's third annual guide to the business and funding trends in Australia's nonbank financial-institution sector.
Related news
Volume down but demand still evident for ABS
Non-residential mortgage-backed securitisation volume is significantly down in 2018 compared with recent years – primarily, sources insist, as a result of lack of supply by regular bank issuers. However, recent nonbank issuers in the auto asset-backed securities (ABS) space say investors are still eager for diverse product, resulting in well supported deals.
Financial institution issuer profiles
Key data and information on 23 global bank issuers active in the Australian dollar market. The issuer section includes funding strategy information as well as corporate debt data on profiled borrowers.
NAB launches capped NRMBS 2018-2 transaction
On 10 December, National Australia Bank (NAB) launched its residential mortgage-backed securities (RMBS) deal, NRMBS 2018-2. The forthcoming transaction is capped at A$1.63 billion (US$1.2 billion) and is expected to price on or before 13 December. NAB is sole arranger and lead manager.