Largest domestic RMBS launched in Australia

Significant interest from European and Asian buyers helps boost issue size to A$1.45 billion.

RAMS Home Loans, one of Australia's biggest independent home loan originators, has launched the largest ever residential mortgage-backed securitization RMBS from Down Under. The A$1.45 billion $755.6 million transaction, for which JP Morgan acted as sole lead with Salomon Smith Barney as co-lead, bettered September's A$1 billion offering from Interstar Securities.

RAMS, established in 1991, funds itself exclusively through securitization and has now raised almost A$8 billion using this method. The latest deal is the issuer's 14th overall...

To continue reading, please login or register for free

Click for more on: largest | domestic | rmbs | launched | australia

Print Edition

FinanceAsia Print Edition