Briefs: Citi launches RMBS, ASB director resigns, business not looking to borrow, Westpac NZ wins Tr

Citigroup has launched its first issue of residential mortgage-backed securities since 2011, seeking A$500 million of funding. Securitised Australian Mortgage Trust 2014-1 is backed by a pool of prime mortgages, with half of the loans are secured by property in New South Wales.
Commonwealth Bank of Australia's group executive for strategic development, Robert Jesudason (a former McKinsey consultant) resigned as a director of CBA's ASB Bank in New Zealand on Friday, ASB disclosed to the New Zealand Exchange. Jesudason is moving to Hong Kong to take up an executive role for CBA.
Dun & Bradstreet published the results of its latest business expectation survey yesterday, showing a drop in the number of businesses planning to borrow. Sixteen per cent of businesses intend to seek finance or new credit in the quarter ahead to help their business grow, while 78 per cent will not. Interest among business to borrow has been slack this year. In mid 2014 D&B said 20 per cent of businesses intended to seek finance.
New Zealand's fifth biggest power generator and retailer, Trustpower, has chosen Westpac New Zealand as the sole arranger for an issue of up to NZ$125 million of new seven-year senior bonds. The issue will refinance up to NZ$50 million of a maturing issue of bonds and raise up to a further NZ$75 million from retail and institutional investors. The issue opens on November 17 and closes on December 2, with final pricing detailed on November 17 after a book-build.