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0.52%

96.0¢ resimac group ltd

Ann: Resimac prices $750mm dual-currency Prime RMBS, page-5

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todaytheday4me

199 Posts.

26

29/08/23

10:47

Post #: 69607596
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Originally posted by todaytheday4me: ↑

maybe I dont understand these notes well so happy to be corrected.

my read is that the notes are priced more sharplythat those issues a year ago as Resimac Bastille 2023-1NC. Those notes went out with RMC paying a coupon of +1.75% on As and $2.65% on the Bs.

The recent notes went out with RMC paing a coupon of +0.5% on the JPY As, +1.25% on the local A's and +2.00% on the local B's. Cant see how JPY is not favorable. The overnight rate there is -0.6% so cost basically net 0 coupon plus FX hedge cost.

So my read is the recent notes is more sharply priceed which would support the net interest margin.

Please correct me if I have this wrong.

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from todays presentation the RMC execs are saying this new facility is better than previous arrangemnets. So assuming I've got this right.

RMC Price at posting: 99.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 96.0¢		Change -0.005(0.52%)		Mkt cap ! $384M

Open	High	Low	Value	Volume
96.5¢	$1.04	94.0¢	$205.7K	212.3K

Buyers (Bids)

No.	Vol.	Price($)
1	5182	96.0¢

Sellers (Offers)

Price($)	Vol.	No.
$1.02	10000	1

View Market Depth

No.	Vol.	Price($)
1	5182	0.960
1	1566	0.945
2	11000	0.935
6	62400	0.930
5	37264	0.925

Price($)	Vol.	No.
1.020	10000	1
1.030	25000	1
1.040	37506	4
1.050	10525	1
1.055	2389	1

Last trade - 16.10pm 17/05/2024 (20 minute delay)


Last 96.5¢			Change -0.005 ( 1.43 %)
Open	High		Low	Volume
97.0¢	$1.03		94.0¢	32925
Last updated 15.59pm 17/05/2024 ?

RMC (ASX) Chart