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

Fitch Assigns Expected Ratings to Firstmac Mortgage Funding Trust No.4 Series 1-2020 (Investing.com)

Fitch Ratings has assigned expected ratings to Firstmac Mortgage Funding Trust No.4 Series 1-2020's mortgage-backed pass-through floating-rate notes. The issuance consists of notes backed by a pool of first-ranking Australian residential full-documentation mortgages originated by Firstmac nominee originators.

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