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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.
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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.
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