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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.
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“We received strong support from domestic and offshore investors, underlying the strength of the RMBS market despite disruptions in global financial markets,” Gill said.
The bond issue had been hiked from $250 million to $350 million due to increased investor demand.
