Asset diversification and internal credit enhancement continue to be major themes in the Australian market with the launch of the first transaction backed by regional shopping centers and a deal backed by non-conforming mortgages.

The shopping center transaction is being arranged by ANZ Investment Bank for property group Leda. It is worth A$215.2 million (US$137 million) and is backed by cashflows from the Tuggeranong Hyperdome in the Australian Capital Territory (an autonomous area within New South Wales, and the location of the national capital, Canberra), and the Morayfield Shopping Centre in Morayfield, Queensland.

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