On June 3, Firstmac priced the refinancing of the class A-2 notes of its Mortgage Funding Trust Series 1E-2013 residential mortgage-backed securities issue. The new, class A-2R, notes have volume of A$150 million (US$108.3 million). According to KangaNews data, the original £92 million (US$132.5 million) tranche priced at 70 basis points over three-month Libor for a weighted-average life of three years.