BEN will be 2009's second non-government backed RMBS issuer
- Monday, 30 November 2009
On November 27 Bendigo and Adelaide Bank (BEN) (BBB+/A2/BBB+) launched a non-government supported residential mortgage-backed securities (RMBS) deal with a minimum target size of A$500 million (US$457.85 million). The deal – which is expected to price on December 4 – will make BEN just the second Australian institution to bring an RMBS deal without government support this year.
