Resimac Group Limited (AU:RMC) has released an update.
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Resimac Group Ltd has successfully settled a A$750 million non-conforming Residential Mortgage-Backed Security offering, marking its first RMBS deal of 2024. The top-rated tranche of the offering was priced at a competitive 135 basis points over the 1-month BBSW, with Deutsche Bank and National Australia Bank leading the arrangement. The transaction demonstrates Resimac’s robust funding capabilities, with a diverse portfolio including over $13 billion in assets under management.
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