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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.
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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.
