big boys dont cry, page-20

nett debt of $22 million in the prospectus.....company floated with cash and cash equivalents of $382 million.

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Newswires carrying lots on this story tonight.....a small bright light here with this cut and paste.


RAMS is planning a $250 million residential-mortgage-backed securities (RMBS) issue as it seeks funding for its business, a move that is seen as a test of investors' fragile appetite for corporate debt in Australia.

RAMS head of treasury Glen Goddard said feedback from the market about RAMS planned issue of $250 million in residential mortgage-backed securities was "very good''.

When asked if RAMS could "still be left with a funding issue'' if it cannot get the syndicate going, Mr Kolivos said.

"Technically, yes.''