Resimac adds to RMBS flow with government backing

24 May 2009

Mortgage lender Resimac priced the latest Australian residential mortgage-backed securitisation late last week, raising A$550m ($428m) with the help a big investment from the government.

Deutsche Bank, Macquarie Bank and National Australia Bank were joint bookrunners on the deal, A$458.8m of which was sold to the Australian Office of Financial Management (AOFM), the government debt agency.

Resimac Premier Series 2009-1 was split between six different tranches, with the bulk of the deal in a ...

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