Large resecuritization BWIC moving RMBS markets

By Ryan Bolger
18 Mar 2015

A large all-or-nothing bid list for a legacy, non-agency RMBS resecuritization is set to trade this Friday and has been moving markets, traders have told GlobalCapital.

The BWIC includes 156 non-agency bonds with a current face value of $1.6bn, according to data from Empirasign. The notes are broken up into three pools, which are scheduled to trade at 10am on Friday and settle on March 24.

Non-agency, legacy RMBS issuances by Barclays, RBS, JP ...

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