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RESIMAC sells $230 million RMBS

by Staff Reporter6 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.

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