Pricing consistency coming into short tranches of the RMBS market with BoQ pricing
- Saturday, 04 April 2009
On April 4 Bank of Queensland (BBB+/A2/BBB) priced A$712 million (US$507 million) of residential mortgage-backed securities across four tranches via its Series 2009-1 REDS Trust. The deal was upsized from A$668.7 million. This transaction indicates pricing consistency is starting to be established in the fast-pay RMBS tranches.
