Tasmanian financial services group MyState raised A$322 million of funding last week with an issue of residential mortgage-backed securities. Conquest 2013-1 Trust is the group's first RMBS issue since 2010.Pricing was similar to the margins on issues by other small financial institutions over the past couple of months.MyState will pay 110 basis points over the one-month bank bill swap rate on the $296.2 million A tranche, which has a weighted average life of 3.1 years.Pricing on the $14.5 million AB tranche, which has a weighted average life of 5.9 years, was 215 bps over swap. And pricing on the $11.3 million B tranche, which has a weighted average life of 5.8 years, was 350 bps over swap.The securities are backed by prime residential mortgages from the portfolios of MyState Financial and The Rock Building Society.MyState said in a media release that 14 investors participated in the transaction.