Macquarie maintains RMBS momentum with A$500 million launch
On August 19 Macquarie Securitisation (Macquarie) launched a new A$500 million (US$448.35 million) residential mortgage-backed securities (RMBS) transaction in what is likely to be the third such deal in a little more than a week, with market sources expecting more to follow. The transaction – PUMA Masterfund P-16 Series – will be the sponsor's first public issue in more than two years, and is expected to price early next week.More banks may follow BNP Paribas on to dealer panels, TCorp confirms
Following the addition of BNP Paribas Sydney Branch (BNP Paribas) to New South Wales Treasury Corporation (TCorp)'s domestic and global exchangeable dealer panels on August 16, the state treasury corporation has confirmed speculation that additional intermediaries are ramping up their coverage of the Australian semi-government market and may also be added to the panels in due course.