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ISCOVER
Staff Reporter
Making headlines today, Bank of Queensland has indicated plans to sell $750 million of residential mortgage-backed securities (RMBS).
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According to Bloomberg, NAB is helping to manage the RMBS deal and has released an emailed statement about the terms of sale, which states that the BOQ will sell the main class of notes at 100 basis points higher than the bank bill swap rate - in line with pricing on Suncorp's $500 million RMBS deal completed at the end of May.
