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Adelaide Bank issues RMBS

by Staff Reporter7 minute read
The Adviser

Adelaide Bank this week priced a $502.5 million prime RMBS.

The $450 million Class A notes were priced at 110 basis points over the one month BBSW and rated AAA by Standard & Poor’s.

Overall, the pool of loans has a weighted LVR of 63.6 per cent and consisted of 2,891 prime fully verified loans.

The deal, entitled Torrens Series 2008-3, is the second publicly-rated Torrens transaction by Adelaide Bank this year.

Published: 01-08-08

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