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Australia's BankWest adds A$1.6 bln to internal RMBS

Tue Nov 25, 2008 1:26am EST

Stocks

    
 SYDNEY, Nov 25 (Reuters) - Australian regional lender Bank
of Western Australia (BankWest) has added A$1.6 billion ($1.04
billion) to an internal securitisation of residential
mortgage-backed securities (RMBS), ratings agency Moody's said
on Tuesday.
 The increase brings total volume to the Series 2008-1D SWAN
Trust, to A$7.4 billion, it said.
 For the full list of internal securitisation programmes
established by Australian and New Zealand institutions, see
[ID:nSYD374385].
 BankWest is set to be taken over by Commonwealth Bank of
Australia (CBA.AX), the nation's second largest bank.
  ($1=1.541 Australian Dollar)
 (Reporting by Cecile Lefort, editing by James Regan)



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