Subprime RMBS spike moves to Australia with rare RedZed

Tom Porter

May 07, 2014 11:30 am

Aussie RMBS 230x — The Sydney Opera House sails and the Sydney Harbour Bridge pylons are turned red as part of the "RED" campaign against AIDS in Sydney, Australia, Tuesday, Nov. 30, 2010. The Sydney Opera House sails and the Sydney Harbour Bridge pylons where the first of more than 80 iconic landmarks across 13 countries used to help promote awareness of the ongoing fight against the AIDS epidemic by turning red to mark World AIDS Day slated for December 1. (AP Photo/Jeremy Piper) | Jeremy Piper/AP/Press Association Images

Non-bank lender RedZed Lending Solutions has built on a recent increase in sales of subprime RMBS, selling A$150m (€100m) of bonds on Wednesday in only its second transaction in the market.

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Tom Porter