Initially targeting $750 million, the Brisbane-based lender expanded the deal to $2 billion in response to strong institutional demand. This substantial upsize highlights the trust investors place in the quality of Firstmac's loan portfolio and the resilience of the Australian residential mortgage sector.

James Austin, Firstmac's Chief Financial Officer, emphasised the significance of this achievement, noting that the ability to increase the transaction size so substantially in the current market environment is a testament to investor confidence in the company's loan quality.

The RMBS was priced at 1.08% over the one-month bank bill swap rate (BBSW), reflecting favourable funding conditions for Firstmac. This pricing outcome is particularly noteworthy given the backdrop of global economic uncertainties, including geopolitical tensions and market volatility.

For prospective boat buyers and those seeking marine financing, this development is encouraging. The successful RMBS issuance by Firstmac suggests a stable and confident lending environment, which could translate to more competitive loan products and interest rates in the marine finance sector.

As always, potential borrowers are advised to conduct thorough research and consult with financial advisors to secure the most suitable financing options for their needs.