Commonwealth Bank of Australia last week priced the largest Australian securitization through its Medallion program. Since CBA enjoyed strong demand from Europe, the U.S., Australia and Asia, the deal was upsized from A$5 billion ($3.66 billion) to A$5.5 billion ($4 billion).

There has been only one other international RMBS from an Australian issuer in 2006 - St. George Bank's A$3 billion ($2.2 billion) deal (ASR, 2/27/06).

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