ASIA-PACIFIC

摘要

National australia bank priced A$127m of Class A2-R notes for the National rmbs trust 2012-2 last Thursday at one-month BBSW plus 100bp via sole lead manager NAB. The notes, expected to be rated AAA/AAA (S&P/Fitch), have a weighted average life of 2.96 years. Proceeds will be used to repay outstanding Class A2 notes scheduled to mature on December 21 2015. National RMBS Trust 2012-2 comprises A$lbn equivalent securitisation of prime residential mortgages that wholly owned NAB subsidiary Advantedge Financial Services originated. The RMBS were issued in November 2012. RMBS Trust 2012-2 included sterling-denominated £85m (US$129m) Triple A rated A2 notes, with a three-year soft bullet, priced at three-month Iibor plus 60bp.