The A$500 million (US$398.5 million) minimum prime residential mortgaged-backed securities (RMBS) transaction for Firstmac progressed to launch on 19 September. Firstmac Mortgage Funding Trust No. 4 Series 2-2017 (Firstmac 2017-2) is expected to price on 22 September, according to arranger National Australia Bank and additional lead managers ANZ, J.P. Morgan and Westpac Institutional Bank.
On 18 September, the latest residential mortgage-backed securities (RMBS) deal for Suncorp-Metway, Apollo Series 2017-2, progressed to launch. The seven-tranche transaction is for indicative volume of A$750 million (US$543.8 million) and is expected to price on or before 22 September.
On 15 September, Flexi Cards revealed plans to conduct a series of investor meetings in relation to its Q Card Trust asset-backed securities (ABS) programme, ahead of a potential credit-card ABS deal. BNZ and Westpac Institutional Bank are arranging the meetings.
Firstmac started taking indications of interest on a new residential mortgaged-backed securities (RMBS) transaction, Firstmac Mortgage Funding Trust No. 4 Series 2-2017 (Firstmac 2017-2), on 14 September. The forthcoming deal has indicative volume of A$500 million (US$400.1 million) and may launch as early as the week of 18 September.