Westpac Bank prices AUD2.0bn RMBS issue.
Global Banking News - 18 December 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
Australia's Westpac Banking Corporation (WBC.AU) (NYSE: WBK) has priced AUD2.0bn of residential mortgage backed securities, the first offer of such securities by a major lender since 2007.
The amount of securities sold was much more than Westpac's initial plan to price AUD1.0bn of securities.
The AUD1.84bn Class-A notes were priced at 130 basis points over swap, while pricing on the lower tranches have not been disclosed. Westpac itself has led the offer.
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|Publication:||Global Banking News (GBN)|
|Date:||Dec 18, 2009|
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