On August 10, Bendigo and Adelaide Bank (BEN) printed A$700 million (US$539 million) in its first residential mortgage-backed securities (RMBS) transaction of 2016. Torrens Series 2016-1 Trust has a three-tranche structure and was assigned provisional ratings by S&P Global Ratings (S&P) and Moody's Investors Service (Moody's) on August 5.
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