Bluestone starts marketing Sapphire XX 2018-3 RMBS deal

Friday, 23 November 2018

On 23 November, Bluestone Group (Bluestone) began taking indications of interest for the Class A1b and Class A2 notes of its residential mortgage-backed securities transaction, Sapphire XX 2018-3. All other tranches have been preplaced, as has 85 per cent of the Class A2 notes.

Sapphire XX 2018-3 indicative price guidance and structure

Tranche	Indicative volume (A$m)	Expected rating	Weighted-average life (no. of years)	Indicative price guidance (bp/1m BBSW)
A1a	ND	ND	ND	80
A1b	122.5	Aaa	2.7	140 area
A2	106.4	Aaa	2.7	205 area
B	ND	ND	ND	240
C	ND	ND	ND	310
D	ND	ND	ND	410
E	ND	ND	ND	610
F	ND	ND	ND	720

Source: Macquarie Bank 23 November 2018