Southland Building Society RMBS New Tranches
By: Sonia Han | posted March 19th, 2010 16:19
NZ-based Southland Building Society launched NZD$150m new tranches to SBS Oreti Trust No. 2 on Wednesday. The deal was initially issued in Mar 2009.
Details of the new tranches are:
• Tranche 1-2, AAA(S&P), 143.7m.
• Tranche 2-2, n.r., 6.3m.
The proceeds from the new tranche will be used to fund additional loans.
Trustee: Trustee Executors
S&P also affirmed AAA ratings on the 92.6m Tranche 1 notes launched in Mar 2009 via Westpac. The deal consisted Tranche 1 and Tranche 2 notes.
- 2010 total domestic issuance: 64,526 A$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 |