Post-deal insights: limited supply and improved margins prompt trebled ME RMBS volume
- Tuesday, 18 October 2016
Favourable execution conditions attracted ME back to the domestic residential mortgage-backed securities (RMBS) market, the issuer says. ME printed a total of A$1.5 billion (US$1.2 billion) from a A$1.9 billion final book across six-tranches in its first RMBS transaction of the year, according to arranger data. The A$1.4 billion class A1 notes priced at 118 basis points over one-month bank bill swap rate (BBSW).
