On 10 January, Australian Office of Financial Management (AOFM) disclosed details for its 10th residential mortgage-backed securities (RMBS) auction, to be held on 30 January. The auction will be for five lines of RMBS notes with original face value of A$1.3 billion (US$1 billion). A Westpac Institutional Bank research note suggests the amortised face value of the notes offered for sale is approximately A$360 million.
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