NAB latest major domestic bank to access RMBS funding [UPDATED]
On May 25 National Australia Bank (NAB) issued a new A$1 billion (US$1.1 billion) residential mortgage-backed securities (RMBS) deal, based on mortgages originated by the bank's Advantedge Financial Services (Advantedge) subsidiary. The deal was upsized from a launch volume of A$750 million.
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Corporate deal flow picking up as Sydney Airport makes domestic return [UPDATED]
Sydney Airport Finance Company (Sydney Airport) (BBB/Baa2/BBB) announced its second domestic bond deal in a year on May 18, with the company pricing a new A$100 million (US$106.7 million) 2018 transaction two days later. The company completed its first domestic deal since 2006 – and its debut non-credit wrapped transaction – in June last year with the placement of a
A$175 million 2015 line.
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