BEN doubles size of non-government RMBS
- Wednesday, 02 December 2009
Bendigo and Adelaide Bank (BEN) (BBB+/A2/BBB+) priced its first non-government backed residential mortgage-backed securities (RMBS) transaction of 2009 on December 2, doubling its indicative size from launch on November 27 to A$1 billion (US$928.2 million). It also achieved a tighter margin on the largest tranche than those of other recent RMBS deals.
