National Australian Bank looks ready to bring in $1.5 billion from its residential mortgage backed securities deal it launched on Monday.
National Australian Bank looks ready to bring in $1.5 billion from its residential mortgage backed securities deal that itIt priced the National RMBS Trust 2022-1 on Wednesday, with pricing in line with initial guidance for the eight classes of notes.
It told investors it would issue $880 million in A1-A at 1.2 per cent margin above one month swaps, and $500 million in A1-G at the same margin. The A1-G class of notes would be certified as climate bonds and spoke for a third of the total deal, NAB told investors. The climate bonds were backed by NAB’s receivables from mortgages on low carbon residential properties.co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.