MEB prices first non-AOFM backed RMBS in 2009

On September 8, shortly after the Australian Office of Financial Management (AOFM) made its last allocation to a residential mortgage-backed security (RMBS) deal from a bank issuer under its current support programme, Members Equity Bank (MEB) (BBB/A2) priced the first Australian RMBS not to receive government investment since October last year.