Liberty returns after a year
Liberty Financial last week returned to the mortgage backed securities market after an absence of more than a year. Liberty last issued in April 2009, selling A$600 million of prime RMBS divided among nine classes of notes.This time only A$200 million of RMBS is to be sold with eight classes of notes in the structure of the Liberty PRIME Series 2010-1 issue. Indicative pricing on $85 million of Class A1 notes has been put at 100 basis points over bank bills.