Liberty prints A$500 million in its third RMBS transaction of 2016 [UPDATED]

Liberty Financial (Liberty) printed A$500 million (US$367.7 million) in its third nonconforming residential mortgage-backed securities (RMBS) transaction of the year on December 16. Liberty Series 2016-3 has indicative volume of A$500 million (US$374.2 million) across a nine-tranche structure. The A$100 million A1a tranche and A$105 million A2 tranche priced flat to initial guidance of 75 basis points and 240 basis points over one-month bank bill swap rate (BBSW), respectively.