ISCOVER
GMAC-RFC reportedly priced a RMBS deal yesterday worth $300 million.
According to Bloomberg, $150 million AAA-rated securities were sold at 300 basis points over the one month bank bill swap rate. $152.8 million of lower-rated securities were sold at yield margins of as much as 1,350 basis points on $4 million of unrated debt.
GMAC-RFC declined to comment on the deal, stating its policy was “not to comment on market speculation”.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Looking for more benefits?
Become a Premium Member.
“It is a process GMAC-RFC has engaged in for the past 22 years and which has supported global securitisation issuance of over US$963 billion in this time,” the funder said.
Published: 21-05-08
JOIN THE DISCUSSION