Strong demand for Five Oaks’ first jumbo

Five Oaks
By Ryan Bolger
29 Apr 2015

Five Oaks’ debut jumbo RMBS issuance was priced above par on Tuesday, according to a source close to the $267.19m deal.

The senior bonds of Oaks Mortgage Trust Series 2015-1, which total $116.02m of issuance and pay a 3.5% coupon, were priced at 101.29. Those notes have credit enhancement of 8.45% and a weighted average length of 4.71 years.

Four other tranches of class ‘A’ notes were also issued, according to ...

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