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The PUMA Masterfund S-5 RMBS transaction – the first Australian RMBS consisting entirely of stated income loans to be issued since July 2007 – has been declared a success by Macquarie Bank.
“We are extremely pleased with the outcome of this transaction,” said Macquarie Bank group head of banking and securitisation Tony Gill.
“We received strong support from domestic and offshore investors, underlying the strength of the RMBS market despite disruptions in global financial markets,” Gill said.
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The bond issue had been hiked from $250 million to $350 million due to increased investor demand.
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