After the AB tranches in Bendigo and Adelaide Bank (BEN)'s recent Torrens Series 2014-1 Trust (Torrens 2014-1) were the most hotly-bid of the tranches offered, the Australian Office of Financial Management (AOFM) announced on February 28 that it has sold the bulk of its holdings of class AB notes of residential mortgage-backed securities (RMBS) tranches.
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