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

Canberra urged to keep credit flowing to non-bank lenders (The Australian)

Non-bank lenders are urging the federal government to ensure that they have adequate funding ­access on a similar footing to the banking sector, as measures to keep credit flowing are rolled out to help shield the economy from the COVID-19 impact.

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