Resimac has successfully priced a $609.1 million RMBS deal off the back of the government’s RMBS assistance scheme.
The bulk of the deal, $325 million, was priced at 120 basis points above the one month BBSW, while $47 million priced in at just 65 basis points above the one month BBSW.
The lender said the transaction would allow it to offer “competitive products in the Australian mortgage market” and that it was “encouraged by the institutional support” received for the transaction.
Resimac’s deal comes on the heels of a $824 million government-supported deal from Challenger last week and deals from FirstMac and Members Equity last month.
The next round of lenders to benefit from the government’s scheme will be announced in the new year.