AIMS Home Loans has launched a new $346m bond issue. The launch is its fifth ever Residential Mortgage-Backed Securities (RMBS) issue and will be offered to the public in two separate tranches, the first at $329.7m and the second at $16.3m. The first tranche is rated as AAA by Standard & Poor's and Fitch, while the second is rated at AA. AIMS funds its loan originations through its own bond issues and is one of the select few non-bank mortgage companies in Australia with its own securitisation program. Michael Brink, treasurer and head of securitisation at AIMS Home Loans, said: "The current issue continues to build the profile of AIMS as a regular issuer of AAA-rated RMBS, and this enhanced profile will assist AIMS in developing its rapidly growing China mortgage businesses." Since September 2000, AIMS has issued over $2.9bn as AIMS RMBS bonds or RMBS bonds through other funding programs. Previous bond issues include a $400m tranche of RMBS issued in June 2005, a $580m tranche issued in July 2004, a $580m tranche issued in July 2002, and a $270m tranche of RMBS issued in September 2000. The AIMS 2000 and 2002 issues have since been fully repaid to investors.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now