Challenger prices first non-bank Aussie RMBS since July

The Challenger Millennium Series 2008-1 Trust RMBS deal priced on September 19, riding out heightened market volatility since its opening a week previously and even upsizing slightly, to A$440.8 million (US$355.11 million) from its indicative A$400 million. The transaction was led by nabCapital, Royal Bank of Scotland Australia and Barclays Capital.