Login or request a free trial

ING Direct prices RMBS

ING Direct will pay a margin of 98 basis points over the bank bill swap rate on the top tranche of its latest issue of residential mortgage-backed securities - 15 bps higher than the pricing of its last issue, in June last year.The bank raised A$750 million, with 13 investors participating in the issue - IDOL 2015-1 Trust.Pricing on the $690 million of A notes, which have a weighted average life of 2.9 years, was 98 bps over the swap rate.The other notes were retained by ING Direct.

I'm a returning subscriber

Password reset
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day