NHMFC promises more after opening Philippines RMBS

The Philippines National Home Mortgage Finance Corp priced the country’s first residential mortgage backed securitisation this week and is already looking to follow the deal with a second issue.

  • 25 Mar 2009

State-owned NHMFC, which has the task of improving liquidity in the country’s secondary mortgage market, raised Ps2.1bn ($44m) from the inaugural issue of BahayBonds on Monday in a deal welcomed by bankers and politicians in the Philippines.

“We are delighted to see NHMFC taking the first and firm step ...

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1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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2 Rabobank 1,292.64 1 20.01%
4 BNP Paribas 598.25 2 9.26%
5 TD Securities Inc 241.54 1 3.74%