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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16 Oct 2019

Non-bank celebrates four decades in business (Australian Broker)

One of Australia’s oldest non-bank lenders just celebrated 40 years in business with a gala dinner in Brisbane.
 
Firstmac founder, Kim Cannon, told the 400 guests in attendance that the company had found its success through innovation, hard work, and family – as well as long-term vision that placed sustainable growth ahead of short-term profits.

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