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.

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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08 Jun 2018

Japanese investors the focus for Firstmac’s latest RMBS deal (Kanga News)

Firstmac has printed a A$1 billion residential mortgage-backed securities (RMBS) transaction, its second transaction for 2018.

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