First CMBS of 2011 launched with ALE Finance Company top-up [UPDATED]
- Monday, 11 April 2011
The first Australian commercial mortgage-backed securities (CMBS) issue of the year has been completed, with the issue of a A$160 million (US$173.2 million) increase to a deal introduced by ALE Finance Company in May 2006. The new notes are subordinate to the existing A$130 million of the issuer's Series 1 CMBS paper.
