Firstmac
Nonbanks navigate changing conditions
In September 2018, KangaNews hosted its third annual roundtable discussion for nonbank lenders. Sector leaders discuss a more challenging funding environment and the shifting sands of the Australian property market and regulatory landscape, calling attention to the ongoing growth opportunity before them.
Firstmac finds competitive pricing in a wider market
Firstmac’s third residential mortgage-backed securities (RMBS) deal for 2018 continues the issuer’s strategy of targeting specific jurisdictions with its transactions. The issuer tells KangaNews that demand enabled it to upsize and price competitively despite more challenging market conditions.
Firstmac prices upsized A$1 billion RMBS deal
Firstmac launches Series 3-2018 RMBS deal
On 16 October, Firstmac launched its residential mortgage-backed securities (RMBS) deal, Firstmac Mortgage Funding Trust No. 4 Series 3-2018 (Series 3-2018). The forthcoming transaction has indicative total volume of A$500 million (US$356.1 million) and is expected to price on or before 19 October.
Nonbank capital-markets issuance history
Exclusive information from the KangaNews deal database covering capital-markets transactions by nonbank issuers profiled in the KangaNews Nonbank Yearbook 2018.
Nonbank issuer profiles and perspectives
This section contains key information on all the companies covered in the KangaNews Nonbank Yearbook 2018, as well as issuer-specific interviews with key executives from the premium and supporting partner firms.
nonbank Yearbook 2018
KangaNews's third annual guide to the business and funding trends in Australia's nonbank financial-institution sector.