Members Equity Bank prices $470 RMBS

The latest issue is an encouraging sign that spreads are reducing following Macquarie’s $300 million RMBS which priced at 110 bps less than two weeks ago.

The Members Equity issue has a weighted average life of 2.6 years and was made up entirely of fully verified income loans with a current loan-to-value ratio of approximately 64 per cent.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 30 June 2008