On 25 May, AMP Bank revealed plans for a potential capital-relief residential mortgage-backed securities (RMBS) deal, Progress 2021-1 Trust. Indicative total volume for the transaction is A$500 million (US$387.6 million). Commonwealth Bank of Australia, Deutsche Bank, MUFG Securities, National Australia Bank, Standard Chartered and Westpac Institutional Bank have been mandated to engage investors.
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