(Bloomberg) -- RAMS Mortgage Corp., an Australian
non-bank lender that's planning an initial public offering, sold
A$500 million of ($423 million) debt backed by home loans.
The sale included A$433.5 million of Class A notes priced
to yield 19 basis points more than the one-month bank bill swap
rate with the highest triple-A credit rating from Standard &
Poor's and Moody's Investors Service, said arranger of the sale
National Australia Bank Ltd., in a statement e-mailed to
Bloomberg News. A basis point is 0.01 percentage point.
Read more at Bloomberg Bonds News
non-bank lender that's planning an initial public offering, sold
A$500 million of ($423 million) debt backed by home loans.
The sale included A$433.5 million of Class A notes priced
to yield 19 basis points more than the one-month bank bill swap
rate with the highest triple-A credit rating from Standard &
Poor's and Moody's Investors Service, said arranger of the sale
National Australia Bank Ltd., in a statement e-mailed to
Bloomberg News. A basis point is 0.01 percentage point.
Read more at Bloomberg Bonds News
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