BOQ's RDS prices A$400 million RMBS (February 5 2003).

Australasian Business Intelligence, February, 2003

Feb 09, 2003 (The Australian Financial Markets Newsletter - INSTO - ABIX via COMTEX) -- The Bank of Queensland (BOQ) has priced its first residential mortgage-backed securities (RMBS) for 2003. The $A400 million pass-through floating rate notes (FRN) deal, for which Macquarie Bank is the sole lead, involves three tranches and a final maturity of 7 March 2004. The notes, which will settle on 11 February 2003, are to be issued by Perpetual Trustees. All the loans backing the notes were made by BOQ. The pool comprises 2,868 loans totalling around $A410 million. The insurance lenders are PMI Mortgage Insurance and GE Capital Mortgage Insurance.

Publication Date: 7 February 2003

BANK OF QUEENSLAND LIMITED - ASX BOQ: 

MACQUARIE BANK LIMITED - ASX...

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