Australia and New Zealand Banking Group benefited from scarcity value for last Friday’s upsized A$1.5bn (US$1.04bn) Kingfisher Trust 2019-1 capital funding prime RMBS, only its second mortgage-backed offering since 2004.
Consumer lender Avanti Finance has released guidance for the no-grow NZ$200m prime and non-conforming Avanti RMBS 2019-1.
Insurance firm AIG sold its first RMBS of 2019 last week, a deal backed by “super-jumbo” prime mortgages to high credit-quality borrowers.
The roadshow for Argenta Spaarbank’s Dutch RMBS Green Apple 2019-1 NHG ended on Friday, and IPTs are expected early this week. ABN Amro and SG are joint leads.
Initial price thoughts were released on Friday for UK cold storage warehouse CMBS Cold Finance. Pricing is expected in the middle of this week.
Lower rates are weighing on the conduit CMBS primary market, with recent deals seeing softer demand and wider spreads.