Firstmac launches prime RMBS transaction

On 27 March, Firstmac launched its prime residential mortgage-backed securities (RMBS) transaction, Firstmac Mortgage Funding Trust No. 4 Series 1-2020. The deal has indicative total volume of A$880 million (US$534.2 million), with the potential to upsize to A$1 billion. Pricing is expected on the day of launch, according to arranger J.P. Morgan, which is also lead manager alongside ANZ, National Australia Bank and Westpac Institutional Bank.