Fairfax Media
National Australia Bank was the lead arranger, according to a notice sent to investors on Thursday afternoon. Citi, Commonwealth Bank of Australia, HSBC, Macquarie Bank, Natixis Australia, United Overseas Bank and Westpac were the others staffed on the raise.P said put the La Trobe Financial Capital Markets Trust 2022-1 at $500 million odd split into 10 tranches. It rated the top three tranches as AAA on a preliminary basis.
The RMBS deal would include non-conforming and prime residential mortgages originated by La Trobe Financial. The bank lineup is different from La Trobe’s most recent trip to the debt markets. Last month, it had Barclays, UBS and Morgan Stanley rounding up investors for a
Today my loss is your gain🤠
Sounds like a GFC idea all over again.
All AAA rated. That’s a relief.
Here we go…best someone makes sure the mortgages going in are ok or tick tick tick BOOM!