Suncorp Metway is in the market with a A$750million ($725 million) Australian RMBS.

The deal called APOLLO Series 2011-1 Trust will offer three 'AAA', Standard & Poor's-rated tranches with a final maturity date of February 2043.

The capital structure also includes a smaller, S&P rated, 'AA-' tranche. The deal is expected to close in the first week of December.

According to an S&P presale report, Suncorp Metway insurance will cover 100% of the principal balance of all loans, plus accrued interest and reasonable costs of enforcement.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.