National Australia Bank has issued a RMBS worth close to $3 billion.
The deal, which is NAB’s second issue for 2008, consists of prime floating-rate residential mortgages, issued through NAB’s national RMBS Trust 2008-2.
Standard and Poor’s yesterday rated the $2.759 billion Class A notes AAA, and the $28.5 million Class B notes AA.
Published: 17-10-08
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- ANZ drops variable rate by further 0.25 pc
- FirstMac refinances $172.6m RMBS
- Third of brokers fear bank pull out
- In the papers: Aussie under investigation
- Mortgage demand lowest in close to 30 years
