Mar
07
Unorthodox Home-Loan Bonds Back in Frame for Australian Issuers
ByThe first new Australian mortgage bond in three months is providing encouragement for issuers considering transactions backed by more unorthodox home loans.
A planned issue from Liberty Financial Pty Ltd. has been given provisional ratings by Moody’s Investors Service, the credit assessor said, while Pepper Group Ltd. is set to meet with investors, according to a statement from sale managers. The announcements follow a A$1.575 billion ($1.2 billion) residential mortgage-backed securities deal last week from Commonwealth Bank of Australia, the first offering of 2016…
Unorthodox Home-Loan Bonds Back in Frame for Australian Issuers