CBA mandates Medallion Trust Series 2019-1 RMBS refinance
- Thursday, 31 October 2024
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Smaller banks see opportunities as Australian credit market reopening gathers pace
The Mutual bank and RACQ Bank have successfully completed senior-unsecured floating-rate note deals, raising A$32 million and A$80 million respectively. Deal sources say the transactions highlight investor confidence in well-established regional bank issuers and the value of such issuers having a commitment to maintaining diversified, stable funding programmes to defend against market uncertainty.