New NCUA RMBS Deal Runs Strong (Update)

Investors say the new $1.51 billion Barclays Capital-led residential mortgage-backed securitization of National Credit Union Administration assets is fully subscribed.

  • 20 Jan 2011

--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. The bank priced the AAA paper Thursday at 45 basis points over one-month LIBOR.

That chimes with senior notes from the NCUA’s October issuance of RMBS, which came ...

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1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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