La Trobe and FirstMac explore RMBS
In the structured finance sector, La Trobe Financial on Friday flagged a return to the market with its third non-conforming RMBS issue, scheduled for the end of the month. The issue via La Trobe Financial Capital Markets Trust 2016-1 will seek to raise a total of A$250 million.The multi-tranche issue will comprise $150 million of Class A notes, $27.5 million each of Class A2a and A2b notes, $13 million of Class B notes, $11 million of Class C notes, $9 million of Class D notes, $5 million of Class E notes, $3 million of Class F notes and $4 million of equity notes.KangaNews reported that FirstMac will launch its first RMBS issue for the year this week. KangaNews put the size of the issue at A$350 million.