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AMP Bank (AMP) has priced A$535 million of residential mortgage-backed securities (RMBS) through the Progress 2009-1 Trust. The Australian Office of Financial Management (AOFM) was a cornerstone investor, buying all the A$425 million of longer-dated triple-A rated Class A2 notes.
RBS Australia Branch (RBS) (A+/Aa3/AA-) has priced A$1.3 billion of fixed and floating rate notes guaranteed by the UK sovereign. Over 40 accounts participated in the deal - from Asia, Europe and Australia.
RBS PLC Australia Branch (A+/Aa3/AA-) has launched a minimum
A$500 million (US$338 million) three-year transaction via joint bookrunners and joint lead managers Commonwealth Bank of Australia, J.P. Morgan and RBS Australia.
Three offshore banking names top KangaNews's league tables for Australian deals excluding self-led transactions, with HSBC Australia's position on the top line of the recent record-sized deal from Westpac Banking Corporation (Westpac) catapulting it to the top of the heap with A$2.24 billion (US$1.48 billion) of deal volume.
Australia Post (AAA) became the latest issuer to test the market for unguaranteed securities in Australia, launching a five-year bond on March 18 which sources close to the deal say was attracting significant investor interest prior to launch from a wide number and range of accounts.
The residential mortgage backed security (RMBS) transaction brought to market by Bendigo and Adelaide Bank (BEN) priced on March 13 at slightly tighter levels than a similar transaction from Credit Union Australia (CUA) that priced four days earlier. Both deals saw cornerstone investment from the Australian Office of Financial Management (AOFM).