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. The roadshow for the RMBS issue was the first to be done entirely online, as COVID-19 travel restrictions made the usual face-to-face meetings throughout Europe, Asia, and the US impossible.
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The infamous Firstmac afterparty — responsible for many a sore head at industry functions over the years — has decided to cut ties with the MFAA and move the festivities to the FBAA.
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