On 13 May, expected ratings were assigned by S&P Global Ratings and Moody's Investors Service to ME Bank's residential mortgage-backed securities (RMBS) deal, SMHL Series Securitisation Fund 2019-1. The deal has indicative total volume of $750 million (US$523.2 million). ANZ, Commonwealth Bank of Australia, MUFG Securities, National Australia Bank and Westpac Institutional Bank were mandated for the transaction on 13 May.