Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Citibank reopens frozen credit markets

Staff Reporter 1 minute read

Citibank confirmed today that it had reopened Australian securitisation markets with a $500 million Class A note RMBS deal priced 1.45 per cent over the Bank Bill Swap Rate (BBSW).

The deal had a weighted average seasoning of 38 months, a weighted average LVR of 51.52 per cent and a total of 21 offshore and domestic investors. It was made up entirely of variable-rate home loans.

Roy Gori, chief executive of Citibank, said the organisation was delighted with the strong interest it received in the program and said it was a clear sign credit markets were beginning to clear.

“Much progress will still need to be made before a reversion to ‘normality’, but this is a clear vote of confidence in the longer-term,” Mr Gori said.

Published: 16-05-08

Citibank reopens frozen credit markets
default
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

default

 

more from the adviser
Carolyn Murphy ta Teachers Mutual targets brokers in digital bank launch

Hiver, a new digital bank to be launched under Teachers Mutual, i...

mortgage money house Qld real estate body calls for stamp duty reform

The REIQ has slammed the Queensland government for failing to act...

Alexis Holloway ta Pallas Capital appoints senior credit manager

The non-bank lender has appointed a senior credit manager whose r...