Firstmac completes $1.3bn RMBS raising (Australian Broker)

Non-bank lender Firstmac Limited has announced its completion of a $1.3 billion RMBS raising, with over $2 billion in orders.

In a statement, Firstmac said that the issue was oversubscribed “from an early stage” and was supported by 31 institutions.

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27 Mar 2020

First week of QE notches up $21bn for cheaper borrowing (Australian Financial Review)

The Reserve Bank has spent $21 billion in the country's first week of quantitative easing in an effort to reduce borrowing costs for companies and the government, and to restore order to a huge selloff in bond markets.

Queensland-based Firstmac was the first beneficiary of the government’s $15 billion Structured Finance Support Fund to provide support to non-bank lenders.

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