Australian Finance Group has completed a A$300 million issue of residential mortgage-backed securities, in what is proving to be a busy end of the year in the securitisation market. AFG 2016-1 Trust was AFG's first RMBS issue since 2014.AFG will pay 65 basis points over the bank bill swap rate on the $50 million of A1 notes, which have weighted average life of 0.4 years.Pricing on the $220 million of A2 notes, which have a WAL of three years, was 130 bps over BBSW.Pricing on the $20.7 million of AB notes, which have a WAL of four years, was 235 bps over BBSW.The B notes were priced at a margin of 285 bps, the C notes at 345 bps and the D notes at 445 bps. The three tranches were worth $8.85 million in total.AFG retained the E notes, worth $450,000.AFG chief operating officer David Bailey said in a statement that a number of new investors participated in the transaction.