Value: $1.5 billion

Area: Banking and finance

Key players: The Norton Rose Fulbright team in Australia was led by partner Scott Millar (pictured) with support from partners Ellen Thomas and Dale Rayner, special counsels Adele Gray and James Morris, senior associates Fleur Shaw-Jones and Claire Falkner, and associates Eleanor Taylor and Ben Bourke.

Partner David Shearer and associate Tudor Plapcianu also contributed from London, as did partner David Johnson from Hong Kong by and partner Vicky Muenzer-Jones from Singapore.

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Deal significance: ME (formerly ME Bank) made a significant residential mortgage backed fundraising of $1.5 billion.

The SMHL Series Securitisation Fund 2016-1 transaction used for the raising was the most attractively priced Australian residential mortgage backed security (RMBS) for the year according to Norton Rose Fulbright, with the most senior notes issuing at year-low margins.

The transaction structure provided for six classes of bonds.