RAMS Home Loans Group Prices $300M Bond Issue
Wednesday October 3, 2007, 10:44 am

Original Announcement: RAMS Prices $300 Million Bond Issue

RAMS Home Loans Group announced increasing its proposed A$250m issue of residential mortgage backed securities and has priced the proposed deal with an increased face value of A$300m. Assuming the bond issue proceeds to settlement, the $A300m of bonds will be issued by RAMS Mortgage Securities as trustee of the RAMS Mortgage Securities Trust. Dealers have informed RAMS that they have placed the bonds and therefore have made binding bids for the bonds, subject to certain conditions precedent being met. Subject to the conditions precedent being met the bonds are expected to settle on 10 October 2007.

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