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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29 Mar 2020

Aussie Government QE kicks off (LiveWire Markets)

The Australian government has initiated its part of a coordinated quantitative easing (QE) program that was announced by the Reserve Bank of Australia and the Treasurer, Josh Frydenberg, on 19 March. This is a big deal.

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