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, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial