GMAC-RFC UK home loan bond oversubscribed -source

Newswire

LONDON, May 24 (Reuters) - GMAC-RFC's 1.0 billion pound ($1.83 billion) UK home loan backed bond is oversubcribed, and the deal is scheduled to price on time on Wednesday, a source close to the deal said on Tuesday. Credit Suisse First Boston and the Royal Bank of Scotland are the lead managers for the bond sale via RMAC 2005 NSP2 Plc. The source said the largest 280 million pound tranche with 0.86 year weighted average life (WAL) is fully taken up, and the 200 million pound, $400 ...

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