‘Conservative’ Aussies may be missing European RMBS investors

Aussie RMBS 230x
By Tom Porter
24 Apr 2014

Some European ABS bankers feel a risk-averse approach from Australian RMBS issuers is shutting foreign investors out of deals, even as Pepper Australia placed the largest Australian non-conforming RMBS since the crisis into the US market this week amid a spate of supply from Aussie names.

“Even though their market has been in good shape for two or three years now it is still difficult to get Australian issuers to commit to announcing a transaction if they haven’t preplaced a lot of it already,” said one ABS syndicate banker in London on Thursday.

“It ...

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