Resimac Group Settles AU$1 Billion Residential Mortgage Securitization Transaction; Shares Hit Six-Year Low
MT Newswires Live
Jun 26
Resimac Group (ASX:RMC) said it settled a AU$1 billion residential mortgage securitization transaction, representing the company's third bond issuance this year, according to a Friday filing with the Australian bourse.
The benchmark senior tranche priced at 108 basis points over the one-month Bank Bill Swap Reference Rate, and saw "strong real money investor participation from domestic and offshore accounts," the company said.
Resimac Group shares gained 2% in recent Friday trade but earlier hit their lowest since May 2020.
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