More strong RMBS demand as BEN upsizes deal

The residential mortgage-backed securities (RMBS) transaction priced by Bendigo and Adelaide Bank (BEN) on March 17 was upsized by A$450 million (US$413.42 million) to a final volume of A$1.1 billion. The transaction – Torrens Series 2010-1 (Torrens 2010-1) – also saw a significant scaling of investment from the Australian Office of Financial Management (AOFM).