IMB Ltd dipped into the hybrid pool on Friday, selling A$40 million via a subordinated tier two and Basel III-compliant floating rate note. The IMB sub debt has a ten year term and will be called after five years. The Wollongong-based ADI priced the FRNs at 300 basis points over the three month bank bill swap on debt rated by Standard& Poor's at BBB-. ANZ was sole lead manager. AMP Bank steered its first mortgage-backed bond for 2017 toward accommodating investors. AMP upsized the bond for the Progress 2017-1 Trustto $1.3 billion from $500 million. AMP Bank priced the senior tranche of A$1.2 billion of Class A RMBS notes, with a weighted life of three years, at 108 basis points over one month swap. Mortgage Choice said it "continued positive momentum throughout" the March 2017 quarter, "with strong growth in mortgage broking and very impressive growth in financial planning." John Flavell, CEO said it "saw an eight per cent lift in group office home loan enquiries", leading to "a six per cent increase in home loan applications and a four per cent increase in home loan approvals" compared with the March 2016 quarter. He said franchise numbers lifted by five per cent.