(AFX UK Focus) 2008-11-17 06:03 Australia chooses more RMBS for A$1 bln investment (Interactive Investor)

Monday, November 17, 2008

SYDNEY, Nov 17 (Reuters) - The Australian government has chosen another two residential mortgage backed securities in which to invest A$1 billion ($641 million), as part of an effort to inject much-needed liquidity into the non-bank home loan market. The Australian Office of Financial Management (AOFM) said it would invest A$500 million in each of the two offers, as part of its A$8 billion RMBS ...

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