Firstmac leads the return to offshore RMBS
16 April 2014
Last year it priced two RMBS transactions totalling $900 million, each with sterling-denominated tranches that totalled £177 million.
Firstmac said it has also bucked the national trend by increasing its monthly mortgage settlement volumes to levels last seen before the GFC. This has led it to seek greater volumes of RMBS funding by going offshore.- AB+F