AOFM keeps the RMBS ball rolling
The Australian Office of Financial Management announced the allocation of a further three RMBS mandates from its second selection round. This follows the pricing of the AMP Banking issue on Monday, the last of the first three RMBS issues mandated in the second selection round.
The next three issues will come from Liberty Financial, Challenger Mortgage Management and Bank of Queensland.
Liberty Financial's issue will be arranged and managed by National Australia Bank, Deutsche Bank and Credit Suisse.
Challenger Mortgage Management's issue will be arranged and managed by National Australia Bank, Deutsche Bank and Barclays Capital.
Bank of Queensland's issued will be arranged and managed by Westpac and The Royal Bank of Scotland. Pricing is expected by the end of April.
The first three AOFM mandated RMBS issues so far this year came from Credit Union Australia, Bendigo & Adelaide Bank and AMP Banking.
Resimac, Challenger Mortgage Management, Members Equity Bank and FirstMac Group were all beneficiaries of an AOFM mandate last year.