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GMAC-RFC confirms $302 million non-conforming RMBS

Staff Reporter 1 minute read

GMAC-RFC confirmed today that it successfully placed a $302.8 million non-conforming RMBS issue, following a refusal to comment on the deal earlier in the week.

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According to GMAC-RFC the deal was not only the first non-conforming issue in Australia for 2008 but also the first in the world.

Andrew Greensdale, GMAC-RFC capital markets director, said the issue highlighted the resilience of the local securitisation market and investor appetite for well structured issues.

Published 23-05-08

GMAC-RFC confirms $302 million non-conforming RMBS
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