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RHG to move back RMBS call dates

by Staff Reporter1 minute read

RHG Ltd (previously RAMS Home Loans Group) has proposed a change to upcoming call dates on some of its outstanding term RMBS today, due to continuing uncertainty in financial markets.

The proposed restructuring included moving the call date on $186.96 million of A3 notes and $45 million of B notes to April 2010, instead of the expected call date this month.

RHG said it has considered a number of options to call and refinance the securities, but believed this would be the most appropriate action in the current market.

The restructuring will be subject to approval from note holders.

Published: 21-05-08

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