Bell Gully, Mayne Wetherell, Minter Ellison Rudd Watts and Russell McVeagh have advised on a NZ$100m residential mortgage backed securitisation (RMBS) by NZF Group - a significant milestone in that the deal was the  first RMBS transaction in NZ since the global financial crisis.

"The NZF Group transaction was a market milestone.  We are hopeful that there will be an increased number of RMBS transactions in the NZ market with investor demand increasing. As always, the quality of the underlying products will be crucial in getting future deals away,"  Minter Ellison Rudd Watts partner Tom Fail told ALB. Minter Ellison Rudd Watts advised lead manager Westpac on the deal, having had a long established relationship with Westpac for many years.