BOQ starts marketing Series 2018-1 REDS RMBS transaction
- Wednesday, 16 May 2018
On 16 May, Bank of Queensland (BOQ) began taking indications of interest for its Series 2018-1 REDS Trust residential mortgage-backed securities (RMBS) transaction. Indicative total volume for the deal, expected to launch 21 May, is A$500 million (US$373.4 million).
Series 2018-1 REDS Trust indicative price guidance and structure
|Tranche||Indicative volume (A$m)||Expected ratings (S&P/Fitch)||Weighted-average life (no. of years)||Indicative price guidance (bp/1m BBSW)|
Source: National Australia Bank 16 May 2018
National Australia Bank (NAB) is arranging the transaction and is sole lead manager for Class A2, Class AB, Class B, Class C, Class D and Class E notes. Commonwealth Bank of Australia, NAB, SMBC Nikko and Westpac Institutional Bank are joint lead managers for the Class A1 notes.
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