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Sunday, 16 June 2019

MBS

ANZ flies high with rare RMBS

IFR 2288 15 June to 21 June 2019

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.

Avanti sets RMBS guidance

IFR 2288 15 June to 21 June 2019

Consumer lender Avanti Finance has released guidance for the no-grow NZ$200m prime and non-conforming Avanti RMBS 2019-1.

AIG sells first RMBS of 2019

IFR 2288 15 June to 21 June 2019

Insurance firm AIG sold its first RMBS of 2019 last week, a deal backed by “super-jumbo” prime mortgages to high credit-quality borrowers.

Green Apple 2019-1 NHG roadshow ends

IFR 2288 15 June to 21 June 2019

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.

Cold Finance IPTs

IFR 2288 15 June to 21 June 2019

Initial price thoughts were released on Friday for UK cold storage warehouse CMBS Cold Finance. Pricing is expected in the middle of this week.

CMBS market softens as buyers wait for higher rates

14 June 2019

Lower rates are weighing on the conduit CMBS primary market, with recent deals seeing softer demand and wider spreads.