On 2 July, Firstmac began taking indications of interest for its residential mortgage-backed securities (RMBS) deal, Firstmac 2-2020. Total volume for the deal is A$500 million (US$347.7 million), with the potential to upsize, and is expected to launch in the week beginning 6 July. National Australia Bank is arranger and joint lead manger alongside ANZ, J.P. Morgan, Standard Chartered and Westpac Institutional Bank.