MyState Ltd has raised A$300 million of funding through an issue of residential mortgage-backed securities, paying a margin of 130 basis points over the bank bill swap rates on the senior notes.While the pricing is not as narrow as the margin paid by ME when it issued $1.5 billion of RMBS earlier this month, it is the same as the margin AFG paid on its senior notes last week and cheaper than deals done by Firstmac in September and Bendigo and Adelaide Bank in August.MyState will pay 130 bps over one-month BBSW on the $270 million of A1 notes, which have a weighted average life of 2.8 years.Pricing on the $10.5 million of A2 notes, which have a WAL of 2.8 years, was 190 bps over BBSW.Pricing on the $9 million of AB notes, which have a WAL of 5.3 years, was 245 bps over BBSW.Pricing on the $6 million of B1 notes, which have a WAL of 5.3 years, was 285 bps over BBSW.Pricing on the $3 million of B2 notes, which have a WAL of 5.3 years, was 335 bps over BBSW. The margin on the $1.5 million of B3 notes, which have a WAL of 5.3 years, was 625 bps.