AOFM adds detail to second A$8 billion RMBS programme
Instead of the previous request for proposal (RFP) process, issuers will be invited to bring reverse inquiries to the Australian Office of Financial Management (AOFM) to secure part of the
second injection of government money into the local residential mortgage-backed security (RMBS) market. In a December 7 notice, the AOFM also says it hopes to buy smaller proportions of selected RMBS than was the case with its first support package.
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World Bank reopens Kauri market with first deal in a month
In the first Kauri transaction to price since November 6, the
World Bank (AAA/Aaa) increased its December 2014 bond by NZ$175 million (US$126.93 million) to bring the total outstanding in the line to NZ$475 million. The December 3 transaction was anchored by domestic demand according to TD Securities (TD), which lead-managed along with ANZ.
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