AMP beats RMBS target as Australian recovery continues

24 Jan 2010

AMP Bank raised A$1bn ($902m) on Friday as investors warmed to the first mortgage-backed securitisation to benefit from the government's revised support programme.

Demand for Australia's first RMBS issue of the year meant that AMP was able to almost double the size of the deal with only a tiny percentage sold to the government.

Deutsche Bank and Westpac closed the deal, mainly split between a A$920m Class A tranche, with a weighted ...

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