NAB issues prime RMBS

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.