BOQ upsizes ABS return to A$700 million equivalent [UPDATED]

On May 23, Bank of Queensland (BOQ) returned to the non-mortgage asset-backed securities (ABS) market for the first time since 2008 with its A$700 million (US$683.8 million) Series 2012-1E Reds EHP Trust auto-loan backed transaction. The deal's largest tranche comprises notes denominated in both Australian dollars and sterling.