BOQ launches first Australian benchmark RMBS since early July

On August 16, Bank of Queensland (BOQ) launched its second residential mortgage-backed securities (RMBS) transaction of 2010, in what is also likely to become the first large RMBS deal in Australia since early July. BOQ's Series 2010-2 REDS deal has an indicative volume of A$750 million (US$669.7 million) and is expected to price by August 19.