AOFM completes latest RMBS divestment auction

The Australian Office of Financial Management (AOFM) completed its 10th residential mortgage-backed securities (RMBS) divestment auction on 30 January, selling 100 per cent of the securities on offer. The total amortised face value sold was A$361.6 million (US$292.1 million) across five lines of RMBS originally issued by Bank of Queensland, Bendigo and Adelaide Bank (BEN), Macquarie Bank and Suncorp.