On September 27, the refinancing of the class A2 notes of Bankwest's Swan 2011-1 residential mortgage-backed securities issue was completed. Indicative pricing was in the area of 110-115 basis points over one-month bank bill swap rate. The new A2-R notes are rated AAA/AAA and are for volume of A$95.8 million (US$73.5 million) with a weighted-average life (WAL) of two years.