Recently National Australia Bank (NAB) had priced a $1 billion RMBS for Member Equity Bank that was sold to global investors, which include money market investors, and domestic buysiders.

A media release from the bank explained that the securitization offered different securities in various currencies. The deal was split in a way that offered a U.S. dollar tranche catering to U.S. money market investors, a tranche tailored for fixed-rate buyers as well as more traditional tranches for domestic buysiders.

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