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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27 Mar 2020

Firstmac reopens securitisation markets (Kanga News)

Firstmac reopened the Australian securitisation market at the end of the final full week in March, with a A$1 billion (US$611.5 million) residential mortgage-backed securities deal supported by the Australian Office of Financial Management's structured finance support fund.

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