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GC Asia
New NCUA RMBS Deal Runs Strong
Investors say the new $1.51 billion Barclays Capital-led residential mortgage-backed securitization of National Credit Union Administration assets is fully subscribed, with initial whispers on AAA paper in the mid-to-upper 40s.
--Joy Wiltermuth
Investors say the new $1.51 billion Barclays Capital-led residential mortgage-backed securitization of National Credit Union Administration assets is fully subscribed, with initial whispers on AAA paper in the mid-to-upper 40s. The A1 tranche is being quoted in basis points over one-month LIBOR.
By comparison, senior notes from the ...Please take a trial or subscribe to access this content.
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