ACCU returns to domestic securitisation with prime RMBS [UPDATED]

The Australian Central Credit Union's (ACCU's) Light Trust No. 4 upsized to A$450 million upon pricing November 2. Preliminary ratings were assigned on November 1 to the transaction of prime residential mortgage-backed securities (RMBS) originated by the Australian Central Credit Union (ACCU) with an initial volume of A$400 million. The securitisation, Light Trust No. 4, is a closed portfolio with no further loans assigned after the closing date, and QBE Lenders Mortgage Insurance will provide 100 per cent of the LMI cover to the pool.