Ancora - Seiza Augustus Series 2007-1 Trust
On 23 April 2007, BBGIL provided a letter of credit to Ancora Securitisation (SF) Asset Pty Ltd for A$14.5 million, in connection with Ancora's purchase of the non-rated notes and non-rated junior net interest margin notes in the Seiza Augustus Series 2007-1 Trust. This Trust is a securitisation of commercial and residential mortgages located in Australia and was originated by Seiza Mortgage Company Pty Limited, an Australian non-bank mortgage originator.