Leads confidents Tabcorp upsize will lead to more retail corporates
Tabcorp (BBB+) closed its
five-year bond offer on April 30 having added A$84 million (US$60.86 million) to the initial A$200 million allocation to the institutional and brokerage sector. With around 90 per cent of the total paper being placed with retail investors, lead managers believe the transaction will spark further corporate issuance in the Australian retail market
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Members Equity's latest RMBS follows recent structuring pattern
The latest residential mortgage-backed security (RMBS) to be launched with backing from the Australian Office of Financial Management (AOFM) follows the pattern of recent asset-backed deals in Australia, splitting its senior tranches between a fast pay piece and a much larger one with a longer weighted average life (WAL).
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