Issuer hopes AMIT capital deal could lead to pooled mutual funding
- Tuesday, 06 November 2012
A capital transaction priced on November 5 by a group of Australian mutual authorised deposit-taking institutions could lead to future pooled funding deals, the group hopes – including in senior unsecured and covered bond format. The new deal, issued by the Australian Mutual Investment Trust (AMIT), will re-finance lower tier two debt issued by 17 mutuals in 2006.
