BEN prints A$700 million in its first prime RMBS transaction of 2016 [UPDATED]
- Wednesday, 10 August 2016
On August 10, Bendigo and Adelaide Bank (BEN) printed A$700 million (US$539 million) in its first residential mortgage-backed securities (RMBS) transaction of 2016. Torrens Series 2016-1 Trust has a three-tranche structure and was assigned provisional ratings by S&P Global Ratings (S&P) and Moody's Investors Service (Moody's) on August 5.
