Non-bank lender La Trobe Financial has hired eight banks to test investors’ appetite in a potential Australian dollar residential mortgage backed security (RMBS) deal.
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
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