Commonwealth Bank of Australia issued its second home loan securitisation of the year on Friday, adding to a bumper year of supply, despite the market being shunned by the country’s other major banks.
Commonwealth Bank of Australia took advantage of investors’ appetite for rare major bank RMBS with last Friday’s upsized, self-led prime A$2.65bn capital relief and funding securitisation, Medallion Trust Series 2017-2.
Pepper Group has mandated NAB, CBA and Westpac to talk with investors for a potential Australian dollar RMBS offering.
The Reserve Bank of New Zealand is looking to boost the almost dormant domestic mortgage bond market via a consultation paper that proposes an enhanced mortgage bond standard to support confidence and liquidity in the financial system.
IPTs were released last week for Irish RMBS Grand Canal Securities 2, from Mars Capital Ireland Holding. The deal is backed by performing and non-performing loans, and lead managed by Morgan Stanley.