According to James Austin, chief financial officer of Firstmac, the RMBS issue is part of Firstmac’s ongoing efforts to create a funding pipeline for green loan products in Australia.

“We are very proud to have once again led the way in developing products that help to reduce Australia’s carbon emissions, after previously issuing Green Bonds for energy-efficient homes and also pioneering the reporting of greenhouse gas emissions from each vehicle in our auto bond issues,” Austin said.