Absa readies second South African RMBS for R3.5bn

01 Feb 2008

ABSA is marketing a R3.5bn ($468m) securitisation of South African residential mortgages.

Home Obligors Mortgage Enhanced Securities Series 2 (Homes 2) is the second securitisation of home loans originated by Absa, which has a market share close to 34%.

Absa’s debut RMBS was Homes 1 in August, to which this ...

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