Two banks in AOFM's five-name serial RMBS investment list

The firms set to benefit from the Australian Office of Financial Management (AOFM)'s serial investments in residential mortgage-backed securities (RMBS) programme include two from the banking sector as well as three non-bank names. The government debt management agency will inject a total of up to A$3.4 billion (US$3.06 billion) into a series of RMBS deals from the five firms.