On March 27 Challenger Securitisation Management (Challenger) announced it will exercise its option to redeem all remaining Class A3, A4 and B notes in the Interstar Millennium Series (IMS) 2003-2 Trust on the May 14 2009 optional call date. And on March 30 Challenger announced it is seeking to raise a minimum of A$500 million (US$344 million) in its next residential mortgage-backed (RMBS) deal.
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