Firstmac taking indications of interest for Reg S RMBS deal
- Thursday, 15 October 2020
On 15 October, FIrstmac began taking indications of interest for its Reg S, dual-currency residential mortgage-backed securities (RMBS) deal, Firstmac 2020-3. Total capped volume for the transaction, which is expected to launch in the week beginning 19 October, is A$1 billion (US$713.1 million) equivalent. J.P. Morgan and National Australia Bank are arrangers and lead managers for the deal.
nonbank Yearbook 2020
KangaNews's fourth annual guide to the business and funding trends in Australia's nonbank financial-institution sector.
investing with impact Yearbook 2019
KangaNews is proud to share cutting-edge information from the global and Australasian sustainable debt market.
Related news
Asset performance supports Zip’s securitisation return
Zip Co printed the Australian market’s first asset-backed securities (ABS) transaction with personal finance receivables since the onset of COVID-19. Deal sources say a recent rating upgrade and the borrower’s asset performance through the crisis provided significant tailwinds heading into the deal.
Firstmac launches RMBS deal with yen tranche
Firstmac launched its capped A$1 billion (US$705.1 million) equivalent prime residential mortgage-backed securities (RMBS) deal, Firstmac 2020-3, on 20 October. The deal is in Reg-S format and includes a senior Japanese yen tranche. Pricing is expected on 22 October, according to co-arrangers and joint lead managers, J.P. Morgan and National Australia Bank.
Allied Credit taking indications of interest for debut ABS transaction
On 20 October, Allied Credit began taking indications of interest for its asset-backed securities (ABS) deal, Allied Credit ABS Trust 2020-1. Total capped volume for the transaction is A$200 million (US$140.9 million) and is expected to launch in the week beginning 26 October. National Australia Bank is arranger and joint lead manager alongside Macquarie Bank.
Flexigroup launches Flexi ABS Trust 2020-1 transaction
On 20 October, flexigroup launched its new asset-backed securities (ABS) deal, Flexi ABS Trust 2020-1. Total capped volume for the transaction is A$250 million (US$176.4 million) and is expected to price on 22 October. Commonwealth Bank of Australia is arranger and joint lead manager alongside National Australia Bank.