Japanese investors the focus for Firstmac’s latest RMBS deal

Firstmac printed its second residential mortgage-backed securities (RMBS) transaction of 2018, Firstmac Mortgage Funding Trust No. 4 Series 2-2018 (Firstmac 2-2018), on 8 June. The A$1 billion (US$760.6 million) deal was led by ANZ and J.P. Morgan. The transaction was predominantly placed with Japanese investors according to James Austin, chief financial officer at Firstmac in Brisbane, who spoke to KangaNews shortly after the deal priced.

Firstmac prints A$1 billion RMBS transaction

Firstmac launches A$1 billion RMBS transaction

On 4 June, Firstmac launched its residential mortgage-backed securities (RMBS) transaction, Firstmac Mortgage Funding Trust No.4 Series 2-2018. The deal is for a total volume of A$1 billion (US$756.4 million) and will not grow. The Class A1 notes have a volume of A$850 million and have been preplaced.

Firstmac starts taking indications of interest on Firstmac 2018-2

Late in the Sydney day on 24 May, Firstmac began taking indications of interest on its new prime residential mortgage-backed securities transaction, Firstmac Mortgage Funding Trust No.4 Series 2018-2 (Firstmac 2018-2). The forthcoming deal is expected to launch and price during the week beginning 4 June, via lead managers ANZ and J.P. Morgan.

Firstmac plans Australian dollar RMBS deal

On 23 May, Firstmac mandated ANZ and J.P. Morgan for an Australian dollar-denominated residential mortgage-backed securities transaction (RMBS), with a deal subject to market conditions.