Bendigo and Adelaide Bank (BEN) launched the class A note of its Torrens Series 2017-3 (Torrens 2017-3) residential mortgage-backed securities (RMBS) transaction on 14 August. This tranche, which is rated triple-A by S&P Ratings Services and Fitch Ratings, has indicative volume of A$690 million (US$544.3 million) and price guidance in the area of 100-103 basis points over one-month bank bill swap rate for a weighted average life of 3.3 years.