RMBS price tightening sees ME Bank issue upsized A$1.45 billion deal
- Thursday, 24 July 2014
Price tightening in the securitisation market combined with consistent supply drew ME Bank back to the domestic market with its first residential mortgage-backed securities (RMBS) deal of 2014, the borrower says. By its July 23 pricing, the four-tranche deal, SMHL Series Securitisation Fund 2014-1, was upsized to A$1.45 billion (US$1.37 billion) from A$500 million at launch.
