Members Equity, one of Australia's most active issuers, has launched the latest prime RMBS from its SMHL program. Deutsche Bank and Macquarie Bank are joint lead managers on the A$1 billion ($766.5 million) transaction.

The deal is backed by a pool of 4,641 loans with an outstanding principal of just under A$1 billion, weighted average LTV of 63.4% and seasoning of 18 months. Genworth and Commonwealth Bank of Australia provided the mortgage insurance on the offering.

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