AMP beats RMBS target as Australian recovery continues

28 Jan 2010

AMP Bank raised A$1bn ($902m) last Friday (January 22) as investors warmed to the first mortgage-backed securitisation to benefit from a revised government 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 despite selling only a tiny percentage of the deal to the government.Deutsche Bank and Westpac split most of the deal between a A$920m Class A tranche, ...

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