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AMP Bank prices $535 million RMBS

Staff Reporter 1 minute read

AMP Bank is the seventh lender to successfully price an RMBS issue through the Australian Office of Financial Management (AOFM) program to invest in mortgage backed securities.

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The transaction was sold to six investors with the AOFM participation totalling $425 million – a full tranche of Class A2 notes.

The Class A2 notes were priced at a margin of 130 basis points over the one month BBSW and are to be rated AAA by Standard & Poor’s and Aaa by Moody’s.

Bendigo and Adelaide Bank, Members Equity and FirstMac are just some of the other lenders to have benefited from the scheme so far.

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AMP Bank prices $535 million RMBS
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