Heritage launches senior retail transaction seeking A$125 million
Heritage Bank (Heritage) has added to the healthy deal flow in Australia's retail fixed income market with the May 17 launch of the first senior retail transaction of the year. The bank is seeking A$125 million (US$124 million) in the five-year transaction, which is its second approach to the domestic retail market having issued A$50 million of subordinated notes in October 2009.
Register to read more ...
Westpac returns to RMBS market as deal flow picks up [UPDATED]
Preliminary ratings have been assigned to a new Westpac Banking Corporation (Westpac) residential mortgage-backed securities (RMBS) issue, in what will is the first such issue from a big four bank since the same issuer placed a A$1.6 billion transaction in October last year. The new deal, Series 2012-1 WST Trust, has a volume of A$1.15 billion (US$750.8 million) across its three tranches.
Register to read more ...