AFG launches 2021-1 RMBS transaction

On 3 May, Australian Finance Group (AFG) launched its residential mortgage-backed securities (RMBS) deal, AFG 2021-1. Indicative total volume for the transaction is A$500 million (US$386 million), with the ability to upsize to A$750 million, and is expected to price on 5 May. National Australia Bank is arranger and lead manager alongside ANZ.