JPMorgan’s bond syndicate team is in the market with a $200 million securitisation for non-bank lender Firstmac on Wednesday afternoon.
The bank’s desk, along with National Australia Bank and Singapore’s United Overseas Bank, were seeking to price the RMBS deal following a round of meetings with investors.The deal was split into seven tranches, the biggest of which was the top-rated AAA line worth $160 million.with an indicative $300 million value, however pricing was delayed until Wednesday afternoon.
co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: