Ambac’s wrap helps Adelaide, as Bluestone sells retail MBS

17 Jun 2004

Adelaide Bank last week priced the first securitisation of low documentation (?LoDoc?) Australian mortgages to be wrapped by a monoline insurer.

ABN Amro and Deutsche Bank were joint lead managers on Series 2004-2 (W) Torrens Trust. Ambac guaranteed the senior notes.

Although securitisations backed ...

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