Advertisement
Powered by MOMENTUM MEDIA
lawyers weekly logo
Lender

GMAC prices $300 million RMBS

3 minute read
The Adviser

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”.

“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

default

JOIN THE DISCUSSION

You need to be a member to post comments. Become a member for free today!
You have 0 free articles left this month.
Register for a free account to access unlimited free content, or become a PREMIUM MEMBER to enjoy a wide range of benefits