Mirvac Group has started roadshows for Australia's largest ever commercial mortgage-backed security (CMBS) transaction, and the largest single issue rated debt by an Australian listed property trust. Mirvac Capital Pty. Ltd will issue A$500 million, which ANZ Investment Bank and Westpac will lead manage. The deal is expected to close June 5.

Standard & Poor's has assigned the deal a preliminary AAA rating.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.