On 23 April, Resimac launched its nonconforming residential mortgage-backed securities (RMBS) deal, Bastille 2021-1. The transaction is capped at A$1 billion (US$770.8 million) and is expected to price on the day of launch. Commonwealth Bank of Australia and National Australia Bank are co-arrangers for the deal, and are joined by Citi and Macquarie Bank as lead managers.