Commonwealth Bank of Australia A$1.575 billion Medallion Trust Series 2016-1 RMBS

Overview:

• Commonwealth Bank of Australia securitised A$1.575 billion in residential mortgage loans through its Medallion Trust programme.
• The transaction involved the issue of three classes of notes: A$1.449 billion class A1a, A$94.5 million class B, and $A31.5 million class C. 
• The notes will mature in February 2048. 
• Commonwealth Bank of Australia was arranger, bookrunner, lead manager, and structural advisor. Macquarie Bank was co-manager. 

Ben Naylor - Regional editor