Briefs: MyState pays up for RMBS, hybrid bank bonds disliked in survey 15 December 2014 4:18PM Ian Rogers MyState Bank, Australian-owned Bank, Authorised deposit-taking institutions, Briefs, A securitisation of prime mortgages originated by MyState Bank and The Rock Building Society, through the Conquest 2014-2 Trust, produced pricing at the high end of a recent range for mortgage-backed bonds. The A$262.5 million of Class A1 notes MyState placed at 95 basis points over one month swap, ten bps wider than paid by Bendigo and Adelaide Bank earlier in the week. Banks shouldn't create new kinds of debt that can be written off in a crisis, according to investors surveyed by Nomura International and reported by Bloomberg. Nomura found that conventional, tier two style securities such as subordinated notes with set maturity dates, are favoured given a lack of clarity from regulators on alternative securities such as loss-absorbing bonds.