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Resimac Group Limited ( (AU:RMC) ) has issued an announcement.
Resimac Group Ltd has successfully settled a A$500 million asset-backed securities transaction, marking its second ABS issuance. The transaction, which involved commercial auto and equipment loan securitization, saw significant investor interest, with 42% of allocations going to offshore accounts. This move underscores Resimac’s robust position in the financial market, leveraging its diversified funding platform and global securitization program to enhance its asset funding capabilities.
The most recent analyst rating on (AU:RMC) stock is a Hold with a A$0.95 price target. To see the full list of analyst forecasts on Resimac Group Limited stock, see the AU:RMC Stock Forecast page.
More about Resimac Group Limited
Resimac Group Ltd is a prominent non-bank lender and multi-channel distribution business, specializing in originating, servicing, and funding prime and non-conforming residential mortgages as well as asset finance products. The company operates across Australia, New Zealand, and the Philippines, managing a substantial portfolio of home loans and asset finance products, with total assets under management exceeding $15.7 billion. Since 1987, Resimac has issued nearly $50 billion in bonds in both domestic and global markets.
Average Trading Volume: 186,264
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$379.2M
For a thorough assessment of RMC stock, go to TipRanks’ Stock Analysis page.