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Australian Finance Group Ltd. ( (AU:AFG) ) just unveiled an update.
AFG has successfully priced a A$1 billion Residential Mortgage-Backed Securities (RMBS) transaction, which was upsized from A$500 million due to strong demand from 32 investors, including four new ones. This transaction, marking AFG’s 19th issue in the public RMBS market, highlights the company’s robust positioning as a trusted issuer and its commitment to providing competitive home loan products and sound investment opportunities.
The most recent analyst rating on (AU:AFG) stock is a Hold with a A$2.90 price target. To see the full list of analyst forecasts on Australian Finance Group Ltd. stock, see the AU:AFG Stock Forecast page.
More about Australian Finance Group Ltd.
Australian Finance Group Ltd (AFG) operates in the financial services industry, focusing on originating and distributing mortgages. The company is known for its securitisation program and offers a range of home loan products, providing insights into mortgage behaviors and trends in the Australian market.
Average Trading Volume: 593,916
Technical Sentiment Signal: Buy
Current Market Cap: A$687.6M
See more data about AFG stock on TipRanks’ Stock Analysis page.