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Adelaide Bank issues major RMBS

Adelaide Bank issues major RMBS

(2 June 2006 – Australia) Adelaide Bank has said it plans to launch A$1.1 billion non-conforming residential mortgage-backed securities (RMBS) in June. The transaction will be managed by National Australia Bank.

Adelaide Bank completed a similar transaction in December 2005, comprising mortgages originated by GE Mortgage Solutions and serviced by Adelaide Bank itself.
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