ASIA-PACIFIC

摘要

Securitised australian mortgage trust, Citibank Australia's mortgage securitisation vehicle, has mandated Citigroup for an investor roadshow starting this Monday for a potential Australian dollar securitisation. SAMT last visited the local market in April 2011 to sell A$760m of prime RMBS, its first issue in two years. Back then, SAMT's A$646m Class A notes, with a weighted-average life of 2.83 years, priced at 115bp over one-month BBSW. The A$45m Class AB notes, with a WAL of 1.68 years, priced to yield 125bp wide of one-month BBSW, but the market has tightened significantly since then. The previous domestic prime RMBS was Commonwealth Bank of Australia's record-breaking A$4bn issue on August 29. The Class A notes, with a WAL of 2.8 years, priced at 70bp over one-month BBSW.