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RHG Ltd (previously RAMS Home Loans Group) has proposed a change to upcoming call dates on some of its outstanding term RMBS today, due to continuing uncertainty in financial markets.
The proposed restructuring included moving the call date on $186.96 million of A3 notes and $45 million of B notes to April 2010, instead of the expected call date this month.
RHG said it has considered a number of options to call and refinance the securities, but believed this would be the most appropriate action in the current market.
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The restructuring will be subject to approval from note holders.
Published: 21-05-08
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