CCI Cornerstones Landmark RMBS deal
Coolabah Capital Investments was delighted to cornerstone the first-ever RMBS bond issue—offered by CBA—that has priced off the RBA cash rate rather than the traditionally-used Bank Bill Swap Rate (BBSW). This removes bank credit risk from the benchmark interest rate and will likely open the door to other RMBS issuers to follow in CBA’s pioneering footsteps. CBA’s …
