The surge in activity by Australian issuers continued last week with National Australia Bank (NAB), IMB, Interstar and Resimac launching or closing deals.

NAB is self-leading a $1.4935 billion synthetic balance sheet CLO, tied to a pool of domestic and international corporate loans. Pricing is expected on Sept. 20. The transaction follows hot on the heels of ANZ Bank, due to price a A$975 million ($730.9 million) CLO through the Resonance SPV (ASR, 09/11/06).

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