Brighten launches Solaris RMBS transaction

On 12 April, Brighten Home Loans began launched its residential mortgage-backed securities (RMBS) deal, Solaris 2021-1. The transaction is backed by prime Australian resident and nonresident loans, and is expected to price on 14 April with indicative volume of A$261.78 million (US$199 million). The deal has potential to upsize. Credit Suisse, Natixis and Standard Chartered are joint lead managers.