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AMP upsizes RMBS

by Staff Reporter7 minute read
The Adviser

Staff Reporter

Strong investor demand has enabled AMP to upsize its first Australian Residential Mortgage Backed Securities transaction for the year.

The new transaction was upsized from $500 million to $940 million after 16 investors, including the Australian Office of Financial Management and an offshore account, participated.

The AOFM co-participated in the Class A2 Notes, purchasing $138 million of this class. All the remaining Classes of Notes went to external investors.

The transaction gained good momentum from the outset allowing for the over-subscribed book to be upsized and pricing to be tightened on the Class A1 Notes to BBSW +100bp.

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