Firstmac
Australian nonbanks' song remains the same
Every year, KangaNews hosts Australia’s leading nonbank lenders at a sector roundtable discussion – supported since 2019 by Natixis. In keeping with the unique circumstances of 2020, this year’s roundtable was conducted via videoconference. While market conditions have changed dramatically in the past 12 months, the sector is able to tell the same story of solid funding foundations and sound credit quality.
Firstmac blockbuster caps securitisation surge
Firstmac’s latest residential mortgage-backed securities deal was the highlight of five nonbank transactions to print in the second half of April. The issuer achieved a volume and pricing record despite a crowded market.
Firstmac prints jumbo A$2 billion RMBS deal
Firstmac launches 2021-2 RMBS transaction
On 26 April, Firstmac launched its residential mortgage-backed securities (RMBS) deal, Firstmac Mortgage Funding Trust No. 4 Series 2021-2. Indicative volume for the deal is A$1 billion (US$775.8 million), with the ability to upsize, and is expected to price on 30 April. ANZ is arranger and lead manager alongside National Australia Bank, Standard Chartered and SMBC Nikko.
Firstmac taking indications of interest for 2021-2 RMBS
On 22 April, Firstmac began taking indications of interest for its residential mortgage-backed securities (RMBS) deal, Firstmac Mortgage Funding Trust No. 4 Series 2021-2. Indicative volume for the deal is A$1 billion (US$775.5 million), with the ability to upsize, and is expected to launch in the week beginning 26 April. ANZ is arranger and lead manager alongside National Australia Bank, Standard Chartered and SMBC Nikko.
Firstmac to engage investors on RMBS deal
On 19 April, Firstmac mandated ANZ, National Australia Bank, Standard Chartered and SMBC Nikko to engage investors regarding a residential mortgage-backed securities (RMBS) transaction expected to launch in the week beginning 26 April.
nonbank Yearbook 2020
KangaNews's fourth annual guide to the business and funding trends in Australia's nonbank financial-institution sector.
