Securitisation in South Africa increased by 44 percent to 31.7 billion rand in 2006 and should rise further this year as appetite for structured finance grows, Moody's Investors Service said on Tuesday.
In a report, the ratings agency said issuance of Residential Mortgage-Backed Securities increased to 13.4 billion rand in 2006 from 10.7 billion the previous year, almost half of it from Standard Bank's Blue Granite Investments programme.
This brought the total term issuance to date to 83.2 billion.
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