Wide Bay Australia prices state-supported RMBS as government boosts industry fund

Wide Bay Australia, a non-bank lender, priced a A$250m ($248m) residential mortgage-backed securitisation on Wednesday. The government bought over 40% of the deal — highlighting how important its support of RMBS remains as the state pumps more money into the industry.

  • 16 Dec 2010

The Australian Office of Financial Management bought the entire A2 and AB tranches for 125bp over BBSW and 200bp over BBSW. These tranches have a 6.6 year and 6.2 year average life, respectively.

The debt agency has bought RMBS since 2008 to boost mortgage providers’ access to funds and ...

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