Resimac RMBS priced
Resimac has priced its latest issue of mortgage-backed securities - Resimac Premier Series 2016-1. This transaction was also substantially upsized.The Class A1, A2 and AB notes total US$265 million, A$501 million and A$40.2 million. The first two each have a weighted average life of 2.1 years and the latter 2.9 years, and were priced at 139 basis points over 30-day Libor, and 155 bps and 210 bps over 30 day bank bills.And with WALs of 2.9 years, the $27.12 million of Class B notes and $11.22 million of Class C notes priced at 250 bps and 325 bps over.The $9.35 million of Class D notes and $5.61 million of Class notes have WALs of 2.8 years and three years. The Class D notes were priced at 600 bps over but pricing on the Class E notes was not disclosed.