Published 2 years ago

Foreigners to liquidate another $400m of Aussie mortgage bonds

Summary by Ground News

The bulk of the bonds on sale are highly rated class-A notes that have short pay-back periods, according to one of the notices. The proposed discounts to face value on the Class A notes are modest, between zero and 2.3 per cent. Four of the five auctions held last week were from British investors, while one was from a US investor.

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Australian Financial Review

Foreigners to liquidate another $400m of Aussie mortgage bonds

Foreign investors in Australian mortgage-backed securities have scheduled a further three auctions to liquidate $400 million of their holdings this week as the apparent scramble among British pension funds to raise cash to meet margin calls continues.

2 years ago·Sydney, Australia

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