ZIP 1.19% $1.70 zip co limited..

The Bear Room, page-2102

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    They might have been involved in the marketing of one of the junior tranches of one of the issues. The junior tranches tend to be quite small and have big coupons, but they bear losses before the senior tranches. 2021-2 G1 had 14% spread over bbsw1m. A was just 0.9%. You probably have different sorts of investors interested in the different risk levels.
 
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