Pricing details on FirstMac's return to RMBS issuance

The second Australian residential mortgage-backed securities (RMBS) deal in three days priced on August 9, as FirstMac introduced its first transaction since December last year. The deal, FirstMac Mortgage Funding Trust Series 2012-1, has volume of A$300 million (US$316.6 million) spread across three rated and two unrated tranches.