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RESIMAC GROUP LTD — Capital/Financing Update 2025
May 21, 2025
65714_rns_2025-05-21_4a4948dd-6927-4374-b0ad-136d46e852ed.pdf
Capital/Financing Update
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22 May 2025
ASX RELEASE
Resimac Settles A$1.25bn Prime RMBS Resimac Premier 2025-1
Resimac Group Ltd (ASX: RMC, “Resimac”) is pleased to confirm it has settled a A$1.25bn prime Residential Mortgage-Backed Securities transaction, Resimac Premier 2025-1. The transaction is Resimac’s second public bond issuance for 2025.
The benchmark senior tranche priced at 110 basis points over 1-month BBSW and Resimac saw strong real money investor participation in the book with 73% of allocations made to offshore accounts.
Barrenjoey Markets Pty Limited acted as Arranger for the transaction. Barclays Bank PLC, Barrenjoey, Deutsche Bank AG Sydney Branch and National Australia Bank Limited acted as Joint Lead Managers.
The final details of the bonds are as follows:
| Class | Currency | Amount | Security | Credit | S&P / Fitch | Expected | Coupon | Expected | Payment |
| AUD | Type | Support | Required CE | Ratings | +1mBBSW | WAL (yrs) | Window | ||
| (m) | (%) | (%) | (S&P / Fitch) | ||||||
| Class A | AUD | 1,125.00 | Pass- | 10.00 | 4.57 / 5.40 | AAA(sf)/AAAsf | 1.10% | 2.4 | Jul 2025 – |
| through | May 2029 | ||||||||
| Class AB | AUD | 67.87 | Pass- | 4.57 | 4.13 / NR | AAA(sf)/NR | 1.40% | 3.8 | Mar 2028 – |
| through | May 2029 | ||||||||
| Class B | AUD | 21.00 | Pass- | 2.89 | 2.42 / NR | AA(sf)/NR | 1.60% | 3.8 | Mar 2028 – |
| through | May 2029 | ||||||||
| Class C | AUD | 17.38 | Pass- | 1.50 | 1.12 / NR | A(sf)/NR | 1.80% | 3.8 | Mar 2028 – |
| through | May 2029 | ||||||||
| Class D | AUD | 6.25 | Pass- | 1.00 | 0.85 / NR | BBB+(sf)/NR | 2.00% | 3.8 | Mar 2028 – |
| through | May 2029 | ||||||||
| Class E | AUD | 6.25 | Pass- | 0.50 | 0.47 / NR | BB+(sf)/NR | 3.80% | 3.8 | Mar 2028 – |
| through | May 2029 | ||||||||
| Class F | AUD | 1.87 | Pass- | 0.35 | 0.27 / NR | B+(sf)/NR | 4.90% | 3.8 | Mar 2028 – |
| through | May 2029 | ||||||||
| Class G | AUD | 4.38 | Pass- | -- | N/A | NR/NR | ND | 3.8 | Mar 2028 – |
| through | May 2029 | ||||||||
| Total | 1,250.00 |
For further information, please contact:
Andrew Marsden: +612 9248 6507 | [email protected]; or Anny Chen: +612 9248 0373 | [email protected]
resimac.com.au p 1300 764 447 e [email protected] PO Box H284 Australia Square NSW 1215
Resimac Group Ltd. ABN 55 095 034 003. Australian Credit Licence 247829
-ENDS-
Katie Browne
Company Secretary P: 02 9248 0300
About Resimac:
Resimac Group Ltd (“Resimac Group”) is a leading non-bank lender and multi-channel distribution business. Its fully integrated business model comprises originating, servicing and funding prime, non-conforming residential mortgages and asset finance products. With over 300 people operating across Australia, New Zealand and the Philippines, Resimac Group has in excess of 155,000 customers with a portfolio of home loans on balance sheet of almost $13 billion, an asset finance portfolio over $2.7 billion, and total assets under management of over $15.7 billion.
Resimac Group has issued almost $50 billion in bonds in domestic and global markets since 1987. It has access to a diversified funding platform with multiple warehouse lines provided by domestic and offshore banks for short term funding in addition to a global securitisation program to fund its assets longer term.