On 23 May, expected ratings were assigned by Fitch Ratings and S&P Global Ratings to Bendigo and Adelaide Bank (BEN)'s residential mortgage-backed securities (RMBS) deal, Torrens Series 2019-1 Trust. The deal has indicative total volume of A$500 million (US$343.7 million). ANZ, Deutsche Bank, Macquarie Bank, National Australia Bank and Westpac Institutional Bank were mandated for the transaction on 14 May.