Westpac launches WST 2019-1 RMBS deal

Monday, 11 February 2019

On 11 February, Westpac Banking Corporation (Westpac) launched its residential mortgage-backed securities (RMBS) transaction, WST 2019-1. The forthcoming deal has indicative total volume of A$1 billion (US$709.2 million) and is expected to price on 15 February. Westpac Institutional Bank is arranger for the transaction.

WST 2019-1 structure and indicative price guidance

Tranche	Indicative volume (A$m)	Expected ratings (S&P/Fitch)	Weighted-average life (no. of years)	Indicative price guidance (bp/1m BBSW)
A	920	AAA/AAA	3.5	108 area
B	80	NR/NR	7.2	ND

Source: Westpac Institutional Bank 11 February 2019