On 10 December, Seek mandated ANZ, HSBC and National Australia Bank for a 6.5-year non-call 3.5-year (6.5NC3.5), Australian dollar denominated, subordinated, floating-rate note transaction. Indications of interest for the deal are being taken at 375 basis points area over three-month bank bills.
On 10 December, Fox Symes launched a nonconforming residential mortgage-backed securities (RMBS) deal, Fox Symes Home Loans 2019-1 PP Trust. Total capped volume for the forthcoming deal is A$200 million (US$136.5 million), with pricing expected on or before 12 December. Westpac Institutional Bank is arranger and lead manager.