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ME Bank in RMBS market

Members Equity Bank is marketing a A$697 million mortgage-backed bond, the second such transaction from a local lender so far this year.ME Bank is marketing some of the bonds (US$300 million worth) offshore.ING Bank (Australia) helped re-open the RMBS market late last month. ME Bank has been one of the most stready users of this form of wholesale funding.Moody's Investors Service publicised the securitisation deal overnight.

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