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Macquarie to launch RMBS

Staff Reporter 3 minute read

Staff Reporter

Making headlines today, Macquarie Bank is set to launch its first RMBS deal since the financial crisis, The Australian Financial Review reports.

According to the daily, Macquarie group will issue a RMBS deal of $500 million, through the support of the Australian Office of Financial Management (AOFM).

The deal will mark Macquarie’s first securitisation deal in more than two years.

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Macquarie Bank returned to the broker market in January this year after retreating in March 2008 after securitisation markets froze and funding crippled its profitability.

The Bank recently launched a new range of niche products geared towards investors which is now available through ten aggregation groups.

Macquarie’s executive director Frank Ganis told The Adviser in July the bank’s strategy was to target a specific group of borrowers rather than take a broad-based approach.

“We decided to be focused rather than trying to be all things to all people,” he said.

“Our research indicated there is a segment of borrowers who are looking for a holistic financial package, with options they can choose from, that could help to support their financial goals.”

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