AMP Bank confirmed the ongoing widening in RMBS spreads with last Friday’s upsized A$1bn Progress 2018-1 issue.
Australian Finance Group suffered some pricing push-back before printing last Wednesday’s A$350m AFG 2018-1 Trust prime RMBS issue.
China Construction Bank has obtained its first international rating for residential mortgage-backed securities as part of its efforts to attract foreign investors.
The Ad Hoc Group of investors in Fairhold Securitisation has succeeded in raising the percentage of notes an investor would need to control before being able to amend deal documentation in the future.
Italian RMBS Fanes Srl - Series 2018 was closed on Monday with all notes retained by originator Cassa di Risparmio di Bolzano, but a subsequent reoffer may be considered in the future once Italian market volatility subsides.
Paratus AMC announced the second buy-to-let RMBS from its Twin Bridges shelf on Thursday, with Twin Bridges 2018-1 offering four tranches of rated notes and two more that are shown as ‘call desk’.