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.
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