Credit Suisse scores again in second BlackRock RMBS sale
Pool was acquired from UBS in 2008
Credit Suisse on Tuesday won two separate bids for a combined $4.4 billion pool of legacy residential mortgage-backed securities sold by BlackRock, GlobalCapital is reporting.
The sale comes one week after BlackRock sold a record breaking $3.7 billion pool of subprime mortgage-backed securities, also to Credit Suisse.
The bank won both “all or nothing” offers, traders told GlobalCapital.
The two AON lists split a $4.4 billion pool of pre-crisis mortgage securities that BlackRock acquired from UBS AG in 2008.