Monday, 18 June 2007

Australian Mortgage-Backed Bond Sales Set To Rise to a Record, S&P Says

(Bloomberg) -- Sales of bonds backed by Australian
mortgages are set to rise to a record this year because of demand
from foreign investors and a recovery in the housing market,
according to Standard and Poor's.

Sales of the securities in the world's fourth-largest home-
loan securitization market will likely reach A$60 billion ($50.6
billion) by year-end, Alistair Ingram, credit analyst at S&P in
Melbourne, said today.


Read more at Bloomberg Bonds News

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