Advertisement
Powered by MOMENTUM MEDIA
lawyers weekly logo
Lender

Wide Bay creates contingency RMBS

3 minute read
The Adviser

Wide Bay Australia has created a $100 million internal securitisation program to generate additional liquidity if required.

Ron Hancock, Wide Bay managing director, said the program was established for “contingent liquidity purposes” and was not envisaged to be required.

According to Wide Bay, it is the only ADI – apart from larger and major regional banks – to have such a facility in place.

Standard and Poor’s rated the $85.7 million Class A notes of the transaction AAA.

Published: 14-08-08

default

JOIN THE DISCUSSION

You need to be a member to post comments. Become a member for free today!
You have 0 free articles left this month.
Register for a free account to access unlimited free content, or become a PREMIUM MEMBER to enjoy a wide range of benefits