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AMP Bank is the seventh lender to successfully price an RMBS issue through the Australian Office of Financial Management (AOFM) program to invest in mortgage backed securities.
The transaction was sold to six investors with the AOFM participation totalling $425 million – a full tranche of Class A2 notes.
The Class A2 notes were priced at a margin of 130 basis points over the one month BBSW and are to be rated AAA by Standard & Poor’s and Aaa by Moody’s.
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Bendigo and Adelaide Bank, Members Equity and FirstMac are just some of the other lenders to have benefited from the scheme so far.
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