Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

RESIMAC sells $230 million RMBS

Staff Reporter 1 minute read

In a sign that the wholesale funding market is thawing, RESIMAC has sold more than $230 million of residential mortgage backed securities (RMBS) to private investors.

The main class of bonds, which fetched $185.1 million, priced at 140 basis points more than the one month bank bill swap rate.

Fund managers said the deal attracted strong demand from private investors.

The Australian Office of Financial Management bought $56.4 million of the notes, while the remainder was sold between 11 other investors.

RESIMAC sells $230 million RMBS
default
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

default

 

more from the adviser
Renee blethyn NextGen.Net appoints head of broker

NextGen.Net has appointed its inaugural national head of broker ...

BBS Summit 2021 ta Better Business Summit and Awards Sydney postponed

Due to the ongoing COVID-19 resurgence in Sydney, the NSW leg of ...

Andrew Moulds Darren Smith ta Lend adds FleetPartners to platform

Lend has integrated vehicle fleet leasing and fleet management pr...