30 September 2009
Purchase of RMBS – Announcement of Mandates – Third Selection Round
In Operational Notice 17/2009 of 31 August 2009 the AOFM invited proposals in the third selection round for the allocation of mandates to arrange the issue of RMBS with the AOFM as a 'cornerstone investor'. The closing date for the lodgement of proposals was 18 September 2009.
Six proposals were received, three of which comply with the requirements set by the AOFM. Following an assessment of the proposals the AOFM has advised parties connected with the three complying proposals that it is interested in investing in their proposed issues. These parties are:
- Deutsche Bank as arranger and joint lead manager, and Barclays Capital and National Australia Bank Limited as joint lead managers, of an issue for RESIMAC Limited;
- HSBC Bank Australia Limited as arranger and joint lead manager, and Australia and New Zealand Banking Group Limited, Macquarie Bank Limited and Westpac Banking Corporation as joint lead managers, of an issue for FirstMac Limited; and
- Deutsche Bank as arranger and joint lead manager, and Credit Suisse and National Australia Bank Limited as joint lead managers, of an issue for Liberty Financial Pty Limited.
Confirmation of the AOFM's investment in these proposed RMBS issues is subject to conditions including finalisation of acceptable documentation, confirmation that relevant conditions will be met and agreement on pricing. It is expected that the issues will be priced during October 2009.