Mortgage Business
AFG Securities upsizes RMBS transaction
By Reporter
AFG Securities has priced an upsized $750-million residential mortgage-backed securities issue.
The wholly owned subsidiary and in-house lending division of Australian Finance Group (AFG), AFG Securities Pty Ltd, has successfully priced its AFG 2021-1 Trust, a residential mortgage-backed securities (RMBS) issue.
The issue has grown from $500 million to $750 million.
The $750 million issue of Australian prime residential mortgages is AFG Securities’ 11th issue since 2013, taking the total paper issued to the market by AFG Securities to $4.825 billion.
The transaction is due to settle on Wednesday (12 May 2021).
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