Securitisation market reopens as IMB prices new CMBS [UPDATED]
- Tuesday, 23 August 2011
The Australian securitisation market saw its first primary transaction since late July with the August 23 issue of a new commercial mortgage-backed securities (CMBS) offering from IMB. The deal, which achieved its indicative volume of just more than A$200 million (US$208 million), is the third Australian CMBS this year and is IMB's first commercial mortgage securitisation since 2007.
