Resimac settles A$1bn residential mortgage backed securities transaction

Resimac Group Ltd announced the settlement of its Resimac Bastille 2025-2NC residential mortgage securitisation transaction, raising A$1bn. This represents the company's second non-conforming bond issuance for 2025. The senior tranche was priced at 105 basis points over 1-month BBSW, attracting strong investor participation from both domestic and offshore accounts.

The bond issuance involved multiple classes, with the A1 class having an issuance amount of A$250.00 and the A2 class A$570.00, both rated Aaa (sf) / AAAsf. Overall, the total issuance amount across all classes reached A$1,000.00.

Barrenjoey Markets Pty Limited acted as arranger, while Barclays Bank PLC, Citigroup Global Markets Australia Pty Limited, and National Australia Bank Limited served as joint lead managers for the transaction.