Resimac launches New Zealand RMBS deal

On 15 April, Resimac launched its capped NZ$250 million (US$169.3 million) residential mortgage-backed securities (RMBS) transaction, Versailles Trust Series 2019-1. The forthcoming deal is being arranged by BNZ and Westpac New Zealand, which are also joint lead managers with Merrill Lynch. Pricing is expected on the day after launch.