Australia pledges another A$8bn to boost RMBS market

11 Oct 2009

Australia will commit a further A$8bn ($7.2bn) to support the residential mortgage-backed securities (RMBS) market, treasurer Wayne Swan confirmed on Sunday, in a further boost to the country's recovering structured finance market.

The decision to commit more cash ends months of speculation from bankers in Australia and will extend the participation of the Australian Office of Financial Management, the government debt agency that has already committed A$8bn under the first stage of the RMBS investment plan.

Swan's commitment shows the structured ...

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