MA Financial Group (ASX:MAF) said its residential mortgage lending unit, MA Money, has completed its Residential Mortgage-Backed Securities (RMBS) public term issuance via a AU$700 million transaction, according to a Friday Australian bourse filing.
The transaction, arranged by National Australia Bank with NAB, HSBC, Macquarie, SMBC, and Westpac acting as joint lead managers, was the "tightest-priced" inaugural Prime Borrower RMBS deal since around the COVID-19 pandemic, the filing added.
Shares of MA Financial Group rose 2% in recent trade.
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