News
On 25 May, AMP Bank revealed plans for a potential capital-relief residential mortgage-backed securities (RMBS) deal, Progress 2021-1 Trust. Indicative total volume for the transaction is A$500 million (US$387.6 million). Commonwealth Bank of Australia, Deutsche Bank, MUFG Securities, National Australia Bank, Standard Chartered and Westpac Institutional Bank have been mandated to engage investors.
Australian Unity Bank says the debut internal securitisation it recently completed adds another funding tool to support growth. The bank tells KangaNews this is one of many avenues it is currently pursuing in an increasingly challenging environment for the mutual-bank sector as a whole.
On 25 May, Peet (NR) launched a new, September 2026, A$75 million (US$58.2 million) floating-rate note (FRN) transaction. Indicative price guidance for the deal is 500-525 basis points area over three-month bank bills, according to sole lead manager National Australia Bank. Pricing is expected on the day after launch.