REIT To Launch IPO To Invest In Agency RMBS

30 Apr 2012

Real estate investment trust Western Asset Management has announced plans to raise $160 million in an initial public offering and to use the proceeds to investment in mortgage-backed securities from Fannie Mae and Freddie Mac.

Real estate investment trust Western Asset Management has announced plans to raise $160 million in an initial public offering and to use the proceeds to investment in mortgage-backed securities from Fannie Mae and Freddie Mac. Joint book runners on the deal are Renaissance Capital, JPMorgan, Deutsche Bank, Citigroup ...

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