On October 4 P&N Bank priced its first residential mortgage-backed securities (RMBS) transaction since November 2010 – when the bank operated under the name Police & Nurses Credit Society. P&N's Pinnacle Series Trust 2013-T1 RMBS – a securitisation of prime residential mortgages - has a total volume of A$300 million (US$282.6 million) across four tranches.
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