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Challenger issues $400 million RMBS

Staff Reporter 1 minute read

Challenger Financial has issued its first RMBS deal for 2008.

The $400 million transaction consists of full-doc loans with the $383 million Class A notes rated AAA by Fitch.

The transaction includes a new structural feature to Australian mortgage insured RMBS in the form of an additional credit reserve, to cover for any principal losses and interest short falls.

Published: 11-09-08

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Challenger issues $400 million RMBS
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