GMAC prices $300 million RMBS

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”.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 22 May 2008