Liberty securitises NZ mortgages
Liberty Financial has launched and priced its third and largest issue of residential mortgage backed securities (RMBS) in New Zealand.
Monday, October 29th 2007, 9:11AM
"There was strong interest in the transaction from domestic investors," Macquarie Division Director Kevin Lee says.
"This securitisation confirms that the capital markets will continue to support high quality issuers with demonstrated track records."
Liberty managing director Sherman Ma says; "This issue highlights the importance of having a stand-alone operation based in New Zealand."
"The fund raising underscores Liberty's commitment to New Zealand and bolsters our investment in Mike Pero and the recent migration of our portfolio servicing function to our Auckland office."
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