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GMAC-RFC confirmed today that it successfully placed a $302.8 million non-conforming RMBS issue, following a refusal to comment on the deal earlier in the week.
According to GMAC-RFC the deal was not only the first non-conforming issue in Australia for 2008 but also the first in the world.
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Andrew Greensdale, GMAC-RFC capital markets director, said the issue highlighted the resilience of the local securitisation market and investor appetite for well structured issues.
Published 23-05-08
