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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Non-bank lender Firstmac has reached another record achievement this month with its total loan book passing $8bn in mortgages under management.
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