Heritage Bank prices its first RMBS since 2011 [UPDATED]
- Thursday, 06 March 2014
Heritage Bank has priced a new HBS series Australian residential mortgage-backed securities (RMBS) issue – its first since 2011. HBS Trust 2014-1 is backed by first-ranking Australian residential mortgages originated by Heritage Bank and has a three-tranche structure with an aggregate volume of A$400 million (US$360.5 million).
