Investec Marketing ZAR2 Bln RMBS

24 Oct 2007

Investec Bank has comes to market with a ZAR2 billion ($300 million) South African residential mortgage-backed securitization, arranged in-house.

-- Daniel Flatt

Investec Bank has comes to market with a ZAR2 billion ($300 million) South African residential mortgage-backed securitization, arranged in-house.The portfolio of Private Residential Mortgages 2 consists of 2,932 first-ranking mortgage loans. The mortgages have a weighted average current loan-to-value ratio of 71.6%, 38-month seasoning and a ...

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