ANZ readies CMBS for Australand

Aussie property developer to launch $104.1 million deal this week.

Australand, an Australian residential developer and subsidiary of Singapore's CapitaLand, will make its securitization debut next week with a A$104.1 million $56.2 million commercial mortgage backed CMBS issue.

ANZ Investment Bank, the appointed lead manager, roadshowed the deal to investors last week and is expected to price the transaction around the middle of this week.

The deal will be backed by pre-sale contracts for units in the yet-to-be completed Quadrant Off Broadway development, located near Sydney's central business district....

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