RMBS freeze melts for Firstmac (Banking Day)

30 March 2020

In the first mortgage-backed funding in a month, FirstMac on Friday completed a A$1 billion RMBS raising. The Australian Office of Financial Management invested $189.1 million across six tranches of the Firstmac Series 1-2020 bond.

Approximately 81 per cent of the transaction was placed with institutional investors across the transaction structure. Investors to the transaction participated from United Kingdom, Asia, together with domestic Australian domiciled institutions.

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