‘Conservative’ Aussies may be missing European RMBS investors

Tom Porter

April 24, 2014 09:00 pm

Aussie RMBS 230x — The Sydney Opera House sails and the Sydney Harbour Bridge pylons are turned red as part of the "RED" campaign against AIDS in Sydney, Australia, Tuesday, Nov. 30, 2010. The Sydney Opera House sails and the Sydney Harbour Bridge pylons where the first of more than 80 iconic landmarks across 13 countries used to help promote awareness of the ongoing fight against the AIDS epidemic by turning red to mark World AIDS Day slated for December 1. (AP Photo/Jeremy Piper) | Jeremy Piper/AP/Press Association Images

Some European ABS bankers feel a risk-averse approach from Australian RMBS issuers is shutting foreign investors out of deals, even as Pepper Australia placed the largest Australian non-conforming RMBS since the crisis into the US market this week amid a spate of supply from Aussie names.

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Tom Porter