Australian Government, the Australian Office of Financial Management

Operational Notice

No: 14/2013
29 October 2013

Sale of Certain RMBS Investments

This week, the AOFM has sold some holdings of residential mortgage-backed securities (“RMBS”). The amounts sold, in terms of amortised face value, are as follows:

  • $100.5 million of the IDOL 2011-1 A1; and
  • $77.1 million of the IDOL 2012-1 A.

These floating rate securities were sold at an effective margin of 80 basis points over the one-month BBSW rate with a remaining weighted average life of around 2.8 years.

The sale was made in accordance with the Treasurer’s Directions, which allow the AOFM to adjust its holdings of RMBS.

The AOFM is reporting the details of this transaction in the interests of secondary market transparency.

The AOFM will continue to monitor primary and secondary market activity, manage the remaining book of RMBS, and report month-end holdings on the AOFM website.

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