A new asset-backed securities (ABS) issue priced on December 7 by Westpac Banking Corporation (Westpac) subsidiary, St.George Bank (St.George), is the first public issue of St.George ABS since 2008. The deal, which was assigned provisional ratings on December 4, was upsized to A$1.2 billion (US$1.3 billion) from indicative aggregate volume of A$726.5 million across its six tranches.
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