Non-bank lender Resimac has successfully priced a $550 million RMBS transaction.
The deal was the result of a mandate awarded to Resimac by the AOFM in April – the second government investment for the non-bank lender.
The bulk of the transaction’s notes – the Class A3 notes – were priced at 140 basis points over the one month BBSW.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Resimac said it was encouraged by the support it received from private investors whose investments totalled $91.2 million of the deal. The government’s investment totalled $458.8 million.
The transaction will allow Resimac to offer competitive products to the market, the lender said, and it looked forward to bringing subsequent issues to the market this year.
Tags:
