Liberty launches its first RMBS of 2010

On August 4, Liberty Financial (Liberty) launched its second asset-backed securities (ABS) and first residential mortgage-backed securities (RMBS) transaction of 2010. The deal – Liberty Prime Series 2010-1 – has an indicative volume of A$200 million (US$182.3 million) across eight tranches according to the issuer, which has not disclosed when pricing is expected or what margins are being targeted.