NHMFC promises more after opening Philippines RMBS

The Philippines National Home Mortgage Finance Corp priced the country’s first residential mortgage backed securitisation this week and is already looking to follow the deal with a second issue.

  • 25 Mar 2009

State-owned NHMFC, which has the task of improving liquidity in the country’s secondary mortgage market, raised Ps2.1bn ($44m) from the inaugural issue of BahayBonds on Monday in a deal welcomed by bankers and politicians in the Philippines.

“We are delighted to see NHMFC taking the first and firm step ...

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