Bank of Queensland ratchets up REDS RMBS deal size

By Joseph McDevitt
26 Jul 2013

Bank of Queensland prioritised deal size for its first REDS RMBS deal of the year, increasing the volume of placed notes by A$350m on Friday.

After originally announcing a A$500m transaction, the borrower increased the final deal size of REDS 2013-1 to A$850m. Lead managers ANZ, Deutsche Bank, National Australia Bank and Westpac said throughout the week that the five tranche deal was heavily oversubscribed.

The surplus demand was not, however, enough ...

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