ANZ nets A$2 billion in its first RMBS since 2004 [UPDATED]

On November 25, ANZ Banking Group (ANZ) (AA-/Aa2/AA-) printed A$2 billion (US$1.48 billion) in its first residential mortgage-backed securities (RMBS) transaction since 2004. The class A1 notes were upsized to A$1.84 billion from a launch volume of A$690 million. Final pricing on the A1 tranche came in at 107 basis points over one-month bank bill swap rate (BBSW) - three basis points tighter than guidance of 110 basis points.