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The latest update is out from Australian Finance Group Ltd. ( (AU:AFG) ).
AFG has announced the successful pricing of a A$700 million Non-Conforming Residential Mortgage-Backed Securities (RMBS) issue, upsized from an initial A$500 million due to strong investor demand. The transaction, involving interest from over 25 investors, highlights AFG’s strength as a trusted issuer, attracting new domestic and international investors, which bodes well for the stability of the Australian RMBS market and AFG’s growth trajectory.
More about Australian Finance Group Ltd.
Australian Finance Group Ltd (AFG) operates in the financial services industry, primarily focusing on mortgage lending through its subsidiary AFG Securities Pty Ltd. The company is known for issuing Residential Mortgage-Backed Securities (RMBS) and providing competitive lending alternatives to its broker network and customers.
YTD Price Performance: 18.54%
Average Trading Volume: 237,438
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$484.7M
For an in-depth examination of AFG stock, go to TipRanks’ Stock Analysis page.
