AOFM details RMBS divestment auction process and prepares first sales

The Australian Office of Financial Management (AOFM) released an operational notice on June 10 which sets out the process by which it will auction its holdings of residential mortgage-backed securities (RMBS). Shortly afterwards, the AOFM also disclosed details of the first and second planned sales under its divestment programme, which are due to take place on June 24 and July 14.