Following on from Liberty Financial the week before, Challenger Mortgage Management and Bank of Queensland announced the details of their AOFM mandated RMBS issues, but Bank of Queensland surprised by upsizing and pricing its issue on Friday. Bank of Queensland's Series 2009-1 REDS Trust sought to raise $668.7 million but this was increased to $712 million on strong investor demand for the short dated Class A-S tranche. Challenger is looking to issue $500 million of RMBS via the Challenger Millennium Series 2009-1 Trust.Reds sold in four tranches and Millenium in six. On the benchmark A-1 tranche in the REDS Trust the bonds were sold at 130 basis points over swap, with the paper taken up by the AOFM.