BC Securities launches Ruby RMBS deal

On 9 November, BC Securities launched its indicative A$416 million (US$282.5 million) residential mortgage-backed securities (RMBS) deal, Ruby 2020-1, which includes loans to nonresident and resident Australian borrowers. The transaction is expected to price in the middle of the week of launch. Credit Suisse, Deutsche Bank and Natixis are joint lead managers.