Securitisation progress but overall issuance still weak
- Friday, 09 July 2010
Three recent asset-backed securities (ABS) transactions – two priced and a further launched – have highlighted progress in the sector, but market participants say demand for securitised assets is little different to the quiet vanilla market. Bendigo and Adelaide Bank (BEN) doubled the size of its July 8 residential mortgage-backed securities (RMBS) deal while two other borrowers are re-opening the door to foreign currency issuance from Australian names.
