Today, Auswide Bank Ltd (“Auswide Bank”) (formerly Wide Bay Australia Ltd (“Wide Bay”)) settled $300million in new residential mortgage-backed securities via ABA Trust 2017-1.
This deal marks Auswide Bank’s first RMBS under the ABA program with 11 previous transactions completed under the WB Trust program. The residential mortgage loans were originated by Auswide Bank via their branch network and brokers with all underwriting completed by Auswide Bank loans consultants.
The Arranger of the transaction was ANZ and Joint Lead Managers are ANZ and WESTPAC.
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