Bank of Queensland brings first REDS Aussie RMBS of the year

By Dariush Hessami
26 Jul 2013

Bank of Queensland is set to price its first Australian RMBS of the year on Friday. The A$500m deal adds to the A$10bn of RMBS issuance from Australia in the first half of the year.

The borrower hired ANZ, Deutsche Bank (Sydney branch) and National Australia Bank and Westpac as lead managers. They started testing investor appetite on Monday at initial price thoughts of 105bp-110bp over one month BBSW for the A$365m triple-A rated 3.2-year ‘A1’s and 110bp-115bp over the same benchmark for ...

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