BlackRock readies RMBS sale

摘要

Blackrock will launch another sale of once-toxic RMBS this week, seizing on a dramatic shift in demand for such assets and a rebound in prices since the crisis. The US$4.4bn sale is tipped for Tuesday, market sources said, with a different execution style to the previous week's auction. The July 15 US$3.7bn all-or-nothing trade - the biggest of its kind since the crisis - only considered bids for the entire list and was won by Credit Suisse. BlackRock will split the sale of the next block into two distinct all-or-nothing groups.