BEN A$650m TORRENS Series 2010-1 Trust
By: Sonia Han | posted March 10th, 2010 14:00
Bendigo and Adelaide Bank launched its latest AUD RMBS, TORRENS Series 2010-1 Trust, on Wednesday. The deal is expected to have a volume of $650 million.
The transaction will be structured in three tranches and backed by Australian prime residential mortgages originated by Bendigo Bank.
The Class A Notes will be listed with the ASX.
Details are:
• Class A, AAA/Aaa, $601m, WAL 2.8yrs, Credit Enhancement 7.5pct
• Class AB, AAA/-, $39M, WAL 4.9yrs, Credit Enhancement 1.5pct
• Class B, AA-/-, $10m, WAL 4.9yrs
Legal Final Maturity: May 2042
Joint leads: Deutsche Bank, Westpac
- 2010 total domestic issuance: 64,526 A$m
- View insto league tables
Deal Log
| Date | Issuer | Facility | Amount (million) |
|---|---|---|---|
| 23/07/2010 | MyState Financial | Domestic RMBS(prime) | 250 AUD |
| 23/07/2010 | Taupo District Council | New Zealand domestic senior institutional | 25 NZD |
| 21/07/2010 | International Finance Corporation (IFC) | Senior Kangaroo | 500 AUD |
| 20/07/2010 | Bank Nederlandse Gemeenten | Senior financial Eurobond | 50 AUD |
| 15/07/2010 | APT Pipelines Ltd | Senior domestic AMTN | 300 AUD |