Australia's AMP Bank last week launched the latest deal from its Progress RMBS facility. Deutsche Bank and Societe Generale are joint leads on the A$750 million ($547 million) two-tranche offering, with pricing due on Wednesday.

The deal comprises A$727.5 million of senior notes, rated triple-A by Moody's Investors Service and Standard & Poor's with an expected average life of 2.6 years, and a A$22.5 million 4.5-year subordinated piece, rated Aa2/AA.

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