Westpac launches WST 2019-1 RMBS deal
- Monday, 11 February 2019
On 11 February, Westpac Banking Corporation (Westpac) launched its residential mortgage-backed securities (RMBS) transaction, WST 2019-1. The forthcoming deal has indicative total volume of A$1 billion (US$709.2 million) and is expected to price on 15 February. Westpac Institutional Bank is arranger for the transaction.
WST 2019-1 structure and indicative price guidance
|Tranche||Indicative volume (A$m)||Expected ratings (S&P/Fitch)||Weighted-average life (no. of years)||Indicative price guidance (bp/1m BBSW)|
Source: Westpac Institutional Bank 11 February 2019
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