On October 5, Think Tank Group (Think Tank) revealed it has mandated Commonwealth Bank of Australia and Deutsche Bank to engage investors in a potential Australian dollar SME commercial mortgage-backed securities (CMBS) transaction. According to KangaNews data, Think Tank last issued in the Australian securitisation market in June 2014 when it printed A$113.6 million (US$86.4 million) in its inaugural CMBS transaction. Think Tank Series 2014-1 Trust had an eight-tranche structure with the largest, A$28.4 million A1 tranche, pricing at 150 basis points over bank bill swap rate (BBSW) for a weighted-average life (WAL) of 0.7 years.