Wholesale lender RESIMAC has priced its second Residential Mortgage Backed Securities (RMBS) transaction for 2010.
The transaction included a $148 million investment by the Australian Office of Financial Management, as well as a $210 million AAA rated A1 tranche.
The lender’s transaction is the fifth under the AOFM RMBS Investment Program.
The collateral pool comprises prime residential mortgages all with 100 per cent lenders’ mortgage insurance cover, weighted average seasoning of 41 months and a weighted average LTV of 74.7 per cent.
There was broad support for the transaction with five investors participating in the A1 tranche and two in the AB. The A2 tranche was allocated in full to the AOFM.