Get notifications in real-time for staying up to date with content that matters to you.
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
The financial services ombudsman has changed its rules after the ...
One in two borrowers does not believe banks always have their bes...
Here’s the weekly round-up of the biggest news stories from acr...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Do you expect mortgage applications to increase or decrease over Summer?
