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.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Published: 11-09-08
Today's other stories
