A rare public residential mortgage-backed securities (RMBS) issue is priced in the New Zealand market for Resimac with expected ratings assigned to the seven-tranche prime RMBS issue on September 23. The only two other public securitisations in New Zealand in 2014-to-date – for Fisher & Paykel Finance (Fisher & Paykel) and Motor Trade Finances (MTF) – were of asset-backed securities (ABS).
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