On 20 July, Resimac launched its residential mortgage-backed securities (RMBS) deal, Bastille Trust Series 2020-1NC. Indicative total volume for the transaction is A$500 million (US$349.3 million), with the potential to upsize to A$1 billion. Macquarie Bank and National Australia Bank are co-arrangers and joint lead managers alongside Commonwealth Bank of Australia, Deutsche Bank and Wells Fargo Securities.