BOQ launches Series 2018-1 REDS RMBS transaction
- Monday, 21 May 2018
Bank of Queensland (BOQ) launched its Series 2018-1 REDS Trust residential mortgage-backed securities (RMBS) transaction on 21 May. The deal has a minimum volume of A$500 million (US$375.8 million) and is expected to price on or before 25 May.
Series 2018-1 REDS Trust indicative price guidance and structure:
|Tranche||Indicative volume (A$m)||Expected ratings (S&P/Fitch)||Weighted-average life (no. of years)||Indicative price guidance (bp/1m BBSW)|
Source: National Australia Bank 21 May 2018
National Australia Bank (NAB) is arranging the transaction and is sole lead manager for the Class A2, AB, B, C, D and E notes, while Commonwealth Bank of Australia, NAB, SMBC Nikko Capital Markets and Westpac Institutional Bank are joint lead managers for the Class A1 notes.
Financial institution issuers yearbook 2018.
The first annual guide to global financial-institution issuers.
investing with impact Yearbook 2017
KangaNews's first-ever supplement focusing on sustainability in the Australian fixed-income market.
nonbank Yearbook 2018
KangaNews's third annual guide to the business and funding trends in Australia's nonbank financial-institution sector.