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.
Robust and evolving
Australian Securitisation 2019 took place in Sydney on 18 and 19 November with market-leading commentary on the evolution of the securitisation market, including collateral, lending regulation and benchmark reforms. The Australian securitisation market is poised to enter the next decade in robust shape, reflected by a record registration for and attendance at the Australian Securitisation Forum’s annual conference.
Full pricing details on Firstmac’s A$1.1 billion RMBS deal
Firstmac launches Series 4-2019 RMBS deal
On 3 December, Firstmac launched its new residential mortgage-backed securities (RMBS) deal, Firstmac Mortgage Funding Trust No.4 Series 4-2019 (Firstmac Series 4-2019). Total indicative volume is A$500 million (US$340.9 million), with the potential to upsize, and is expected to price on or before 6 December. National Australia Bank is arranger and joint lead manager alongside ANZ, Standard Chartered Bank and United Overseas Bank.
Firstmac taking indications of interest for Series 4-2019 RMBS deal
On 27 November, Firstmac began taking indications of interest for its new residential mortgage-backed securities (RMBS) deal, Firstmac Mortgage Funding Trust No.4 Series 4-2019 (Firstmac Series 4-2019). Total indicative volume is A$500 million (US$339.4 million), with launched expected in the week beginning 2 December. ANZ, National Australia Bank, Standard Chartered Bank and United Overseas Bank are leading.
Firstmac to engage investors ahead of RMBS deal
On 13 November, Firstmac mandated ANZ, National Australia Bank, Standard Chartered and United Overseas Bank to engage investors in the week beginning 18 November regarding a potential Australian dollar denominated residential mortgage-backed securities (RMBS) deal.
