Australian lender Members Equity is bringing an RMBS deal incorporating a U.S. dollar-denominated tranche through its SMHL securitization program.

The deal is expected to begin marketing this week. According to market reports, this is the first Australian RMBS deal done since the crisis to sell a U.S. dollar-denominated piece, and the first SMHL deal since May 2007 to offer  U.S. dollar donominated  bonds.  

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