Firstmac completes $1.1bn RMBS (Mortgage Business)

12 December 2019

Non-bank lender Firstmac has completed a residential mortgage-backed securities issuance of $1.1 billion, bringing the total amount raised by the company this year to $3.5 billion.

The total amount raised in 2019, $3.5 billion, amounts to 29 per cent of the company’s total balance sheet.

Managing director Kim Cannon stated that the results of the latest deal, Firstmac’s fourth transaction in 2019, demonstrated high investor confidence in its loan book.

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