Powered by MOMENTUM MEDIA
the adviser logo
Lender

Macquarie to launch RMBS

by Staff Reporter8 minute read
The Adviser

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.

==
==

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.”

default
magazine
Read the latest issue of The Adviser magazine!
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
Read more