Login
ISCOVER
Challenger Financial has issued its first RMBS deal for 2008.
The $400 million transaction consists of full-doc loans with the $383 million Class A notes rated AAA by Fitch.
The transaction includes a new structural feature to Australian mortgage insured RMBS in the form of an additional credit reserve, to cover for any principal losses and interest short falls.
Published: 11-09-08
Today's other stories
- New Zealand rates slashed by 50bps
- Suncorp issues $444 million RMBS
- AFG expects to crack $2.3 billion for September
- Bank overhaul announced as Lehman posts huge Q3 loss
- Strong employment figures throws doubt on October rate cut
- Talkback
