Firstmac

Monday, 15 October 2018
Oct/Nov 2018 Supplement

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.

Thursday, 09 July 2020

Firstmac finds its deepest-ever investor base in new deal

Firstmac’s latest residential mortgage-backed securities (RMBS) deal demonstrates the continued rebound of nonbank securitisation since the COVID-19 crisis, the issuer says, with deep investor engagement leading to strong demand. Firstmac’s immediate liquidity needs are now met, allowing it to focus on retaking prime-mortgage market share from the major banks.

Tuesday, 07 July 2020

Firstmac launches indicative A$1 billion RMBS deal

On 7 July, Firstmac launched its residential mortgage-backed securities (RMBS) deal, Firstmac 2-2020. The forthcoming deal has indicative total volume of A$1 billion (US$700 million), with potential to upsize to A$1.3 billion, and is expected to price on 9 July. National Australia Bank is arranger for the deal, and joint lead manager alongside ANZ, J.P. Morgan, Standard Chartered and Westpac Institutional Bank.

Thursday, 02 July 2020
Updated

Firstmac taking indications of interest for 2-2020 RMBS deal

On 2 July, Firstmac began taking indications of interest for its residential mortgage-backed securities (RMBS) deal, Firstmac 2-2020. Total volume for the deal is A$500 million (US$347.7 million), with the potential to upsize, and is expected to launch in the week beginning 6 July. National Australia Bank is arranger and joint lead manger alongside ANZ, J.P. Morgan, Standard Chartered and Westpac Institutional Bank.

Thursday, 25 June 2020

Firstmac lining up RMBS deal

On 25 June, Firstmac mandated ANZ, J.P. Morgan, National Australia Bank, Standard Chartered and Westpac Institutional Bank to engage investors regarding an Australian dollar denominated residential mortgage-backed securities (RMBS) transaction.

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