Asset-backed momentum continues with new A$1 billion ME Bank deal [UPDATED]
- Friday, 11 March 2011
On March 18, ME Bank priced the second Australian securitisation transaction of the week and the first in the domestic market, completing a new A$1 billion (US$995.8 million) residential mortgage-backed securities (RMBS) deal. The deal - which was upsized from a launch volume of A$599 million - follows the A$841.9 million-equivalent asset-backed securities (ABS) transaction issued by Macquarie Leasing which contained six US-dollar denominated senior tranches.
