Resimac keeps books open for non-conforming RMBS

24 Oct 2012

Australian mortgage lender Resimac plans to price a non-conforming RMBS deal worth around A$250m ($259.3m) on Friday, after deciding to hold open the order book a day longer than initially planned.

The lender is attempting its first non-conforming deal this year, Bastille Trust Series 2012-1NC, and wants to beat the A$220m it raised the last time it came to the market. But after sounding out investors with price guidance on Monday, funding officials and bankers opted to keep the ...

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