FirstMac nears A$420m RMBS

23 Aug 2010

FirstMac is planning a A$420m ($372m) residential mortgage-backed securitisation and could price the deal before the end of Wednesday.

Bookrunners ANZ, National Australia Bank and Westpac have approached investors with five of the six tranches in the deal, and the order book is already big enough to cover the A$420m issue. They will sell more than one tranche to the Australian Office of Financial Management (AOFM), the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial