Rural Bank Ltd will delay a planned sale of $520 million in asset-backed securities, AAP reported.
ME Bank, however, is testing the waters with investors for a sale of residential mortgage-backed securities, the Financial Review reported. If completed, any securitisation by ME Bank would be the first genuine deal in public markets since the credit crunch descended more than two years ago.
NAB was helping Rural Bank sell the ABS notes, secured by commercial loans over farming property.
"We're just going to wait until the markets open up a little bit more in terms of securitisation before we attempt to issue those notes into the general marketplace," chief financial officer Steve Laidlaw told
AAP.