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 than most. With spreads on deals issued late last year widening to as much as 43bp over BBSW due to oversupply, market participants wanted to see if there had been a positive shift in investor...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222