On 23 November, Firstmac launched its latest prime residential mortgage-backed securities (RMBS) transaction, Firstmac Mortgage Funding Trust No.4 Series 3-2017. The transaction has volume of A$600 million (US$456.8 million) and will not grow. Pricing is expected on day of launch, according to arranger J.P. Morgan and joint lead manager Westpac Institutional Bank.