NAB prices A$2 billion in its return to RMBS issuance [UPDATED]
- Thursday, 09 June 2016
On June 9, National Australia Bank (NAB) priced its first prime residential mortgage-backed securities (RMBS) transaction of 2016. National RMBS Trust 2016-1 was assigned expected ratings on May 30, following a May 13 announcement that the bank would meet with debt investors ahead of a potential RMBS transaction. A preliminary rating report by Fitch Ratings (Fitch) revealed that National RMBS Trust 2016-1 consists of three tranches of notes with indicative volume of A$750 million (US$549.1 million).
