AOFM lays out plans to resume RMBS divestment

The Australian Office of Financial Management (AOFM) revealed on 8 November that it plans to resume selling down its remaining residential mortgage-backed securities (RMBS) portfolio, after putting the divestment process on hold in 2016. In the interim, capital repayments have seen the AOFM’s RMBS portfolio dwindle to less than A$1.7 billion of residual face value, according to its own data.