ME Bank gets A$673 million in first AOFM serial RMBS investment deal
- Friday, 05 March 2010
The Australian Office of Financial Management (AOFM)'s programme of serial investment in residential mortgage-backed securities (RMBS) deals commenced on March 5 as the government debt agency supported a A$673 million (US$606.04 million) issue from ME Bank. Under the serial investment scheme, AOFM will buy up to half the top-rated securities in a run of RMBS deals from five approved issuers.
