The first public residential mortgage-backed securities (RMBS) issue of 2012 from National Australia Bank (NAB) priced on December 6. The transaction, National RMBS Trust 2012-2, was doubled in size from its indicative equivalent volume of A$500 million (US$523.6 million) across four tranches, and included £85 million (US$136.8 million) of class A2, soft-bullet maturity notes.
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