Come on you REDS

Bank of Queensland prices first Aussie MBS deal of 2003.

After a quiet opening to the Australian securitization market in 2003, Bank of Queensland BOQ has issued the first mortgage-backed deal of the year with a A$400 million issue $236.4 million. Macquarie Bank acted as lead manager on the deal - BOQ's tenth MBS issued out of the REDS programme - with ABN AMRO as co-lead.

Although MBS deals account for around 90% of all securitization issuance in Australia, this deal was more keenly awaited...

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