Suncorp yesterday raised $444 million in its second RMBS deal for 2008.
The deal consisted of Australian prime floating rate RMBS; $400 million of which were Class A notes, rated AAA by Standard & Poor’s.
The remaining $44 million were Class B Notes rated AA- by Standard & Poor’s.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
The securities were priced at 1.3 percentage points over the one month BBSW.
Published: 11-09-08
Related Articles
Suncorp securitises $2.6 billion of home loans 22-05-08Today's other stories
- AFG expects to crack $2.3 billion for September
- New Zealand rates slashed by 50bps
- Bank overhaul announced as Lehman posts huge Q3 loss
- Talkback
- Strong employment figures throws doubt on October rate cut
- Challenger issues $400 million of RMBS
