Subordinated demand and cost-competitiveness highlight Suncorp’s RMBS return

The Australian securitisation market received another boost on 24 February as Suncorp returned to residential mortgage-backed securities (RMBS) issuance with an upsized, oversubscribed deal. Apollo Series 2017-1 Trust (Apollo 2017-1) was a highly cost-competitive funding option, the issuer says, thanks in part to the capital relief generated by support from investors right down the deal structure.