NAB Unit Issues Largest RMBS Of 2010

21 Oct 2010

Challenger Mortgage Management, a unit of National Australia Bank, has issued A$3.78 billion ($3.72 billion) in prime residential mortgage backed securities, the largest such offer so far this year.

Challenger Mortgage Management, a unit of National Australia Bank, has issued A$3.78 billion ($3.72 billion) in prime residential mortgage backed securities, the largest such offer so far this year. All but A$428.5 million ($421.8 million) of the notes were rated AAA by Standard & Poor’s.

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