Australia lines up two more RMBS deals for cash injection

18 Nov 2008

The Australian government has named the two next mortgage-backed deals to benefit from its stimulus package, after the success of its first round of investments in the troubled market last week.

The Australian Office of Financial Management is set to buy a pair of residential mortgage backed securities (RMBS) deals from Challenger Mortgage Management and RESIMAC before the end of the year.

The deals will be the second phase of the AOFM plan to inject A$8bn in the RMBS sector, ...

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