Another Australian market reopens with positive tone as BOQ returns to RMBS issuance

The generally upbeat tone of most Australian dollar issuance sectors at the start of 2017 appears to extend to the securitisation market, according to the issuer and arranger of the first deal to price this year. Bank of Queensland (BOQ) doubled the size of the new residential mortgage-backed securities (RMBS) deal it issued on 9 February, to A$1 billion (US$763.7 million), having not issued a benchmark securitisation since September 2015.