AFG prints A$1 billion prime RMBS
- Friday, 09 September 2022
Issue name: AFG 2022-2 Prime
Sponsor: Australian Finance Group
Pricing date: 9 September 2022
Settlement date: 16 September 2022
Arranger: National Australia Bank (NAB)
Lead managers: ANZ, Commonwealth Bank of Australia, NAB, United Overseas Bank
Collateral type: prime residential mortgages
Volume: A$1 billion (US$681.3 million)
AFG 2022-2 Prime structure and pricing
| Tranche | Volume (A$m) | Expected ratings (S/F) | WAL (years) | Credit support (per cent) | Margin (bp/1m BBSW) |
|---|---|---|---|---|---|
| A1-S | 300 | AAA/AAA | 0.5 | 10 | 110 |
| A1-A | 600 | AAA/AAA | 2.5 | 10 | 155 |
| A2 | 43 | AAA/AAA | 2.9 | 5.7 | 235 |
| B | 28 | AA/NR | 2.9 | 2.9 | 290 |
| C | 12.5 | A/NR | 2.9 | 1.65 | 350 |
| D | 7.5 | BBB/NR | 2.9 | 0.9 | 415 |
| E | 4 | BB/NR | 2.9 | 0.5 | 635 |
| F | 5 | NR/NR | 3 | N/A | ND |
Source: National Australia Bank 9 September 2022
nonbank Yearbook 2023
KangaNews's eighth annual guide to the business and funding trends in Australia's nonbank financial-institution sector.
WOMEN IN CAPITAL MARKETS Yearbook 2023
KangaNews's annual yearbook amplifying female voices in the Australian capital market.
Related news
