Resimac launches New Zealand dollar denominated RMBS transaction

On 6 November, Resimac launched Versaille 2017-1, a New Zealand dollar denominated prime and nonconforming residential mortgage-backed securities (RMBS) transaction. The seven-tranche deal has indicative total volume of NZ$250 million (US$172.2 million). Pricing is expected by 10 November, according to joint arrangers and lead managers BNZ and Westpac Institutional Bank.