CommBank launches refinance of RMBS notes
- Monday, 11 February 2019
On 11 February, Commonwealth Bank of Australia (CommBank) launched a refinance of the Class A3 notes from its Medallion 2014-1 residential mortgage-backed securities (RMBS) transaction. The self-led deal is capped at A$300 million (US$213.1 million) and is expected to price on or before 14 February.
Medallion 2014-1 Class A3-R structure and indicative price guidance
| Tranche | Indicative volume (A$m) | Expected ratings (S/F) | Credit enhancement (per cent) | Weighted-average life (no. of years) | Indicative price guidance (bp/1m BBSW) |
|---|---|---|---|---|---|
| A3-R | 300 | AAA/AAA | 16.4 | 3.6 | 100-105 area |
Source: Commonwealth Bank of Australia 11 February 2019
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