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National Australia Bank (NAB) announced today that it has acquired approximately $1 billion of mortgages originated by RHG Ltd at net asset value.
RHG expects the other XCP facility to be repaid in full during New York business hours today.
To fund the repayments RHG says it has used, and expects to use, $3.5 billion of warehouse facilities, and a $750 million rated privately placed RMBS in addition to $1 billion NAB loan sale.
Published: 08-02-08
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