News
Bendigo and Adelaide Bank welcomed a record number of investors into the orderbook of its latest tier-two transaction. Most of these accounts were already active in the bank’s wider funding programme but have only now taken the decision to step down the capital structure to tier-two level.
Commonwealth Bank of Australia took the revival in bank securitisation issuance to a new level just before the end of the third quarter, doubling the size of the residential mortgage-backed securities deal it priced on 26 October and further tightening senior pricing. The issuer confirms that it expects securitisation to be a component of its wholesale funding mix on an ongoing basis.
It was another lively week in the Australian primary market with a good mix of issuance across sectors, including some corporate names. In New Zealand, Auckland Airport executed its third domestic transaction for the year.
