Columbus Capital launches Triton 2018-1 RMBS deal
- Wednesday, 11 July 2018
On 11 July, Columbus Capital launched its residential mortgage-backed securities transaction, Triton 2018-1. The deal has an indicative total volume of A$500 million (US$371.1 million) equivalent, including the US dollar denominated Class A1-US notes.
Triton 2018-1 indicative price guidance and structure
Tranche | Indicative volume (m) | Expected ratings (S&P/Fitch) | Weighted-average life (no. of years) | Indicative price guidance (bp/1m BBSW) |
---|---|---|---|---|
A1-MM | A$46 | AAA/AAA | 0.4 | 80 |
A1-US | US$100 | AAA/AAA | 1.4 | 95 area/1m US LIBOR |
A1-AU | A$185 | AAA/AAA | 3 | 123-125 |
A1-5Y | A$65 | AAA/AAA | 4.9 | 155 area |
A2 | A$25 | AAA/AAA | 4.2 | 165 area |
A3 | A$20.5 | AAA/AAA | 4.2 | 175 area |
AB | A$8.5 | AAA/NR | 4.2 | 185 area |
B | A$10 | AA/NR | 4.2 | 193 |
C | A$6.25 | A+/NR | 4.2 | 270 |
D | A$2 | BBB+/NR | 4.2 | 380 |
E | A$1.25 | BB+/NR | 3.3 | 580 |
F | A$1.5 | NR/NR | 4.9 | 700 |
Source: National Australia Bank 11 July 2018
Class A1-MM, Class B, Class C, Class D, Class E and Class F notes are preplaced. Pricing is expected on or before 13 July, according to arranger National Australia Bank, which is also leading alongside MUFG Securities and Westpac Institutional Bank.
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