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SYDNEY, Aug 12 (Reuters) - Italian bank UniCredit (CRDI.MI)
and Lehman Brothers LEH.N are jointly leading a private sale
of a A$50 million ($44.09 million) issue of residential
mortgage-backed securities, a fund manager said on Tuesday.
The issue is comprised exclusively of low-documentation
loans originated and serviced by three Australian mortgage
companies. The names of the issuers were not available.
Unicredit, which is rated A+ by S&P, is the trust manager
of the pool of loans.
Completion of the issue is expected by the end of
September.
The offer is the first bond issue sold to investors under a
A$300 million RMBS programme called Trilogy established in
March.
($1=1.13 Australian Dollar)
(Reporting by Cecile Lefort)
