In an Australian first, Firstmac raised $750 million through a green mortgage-backed securitization where all the underlying mortgages are backed by environmentally friendly housing. The CEFC invested $108.5 million in the securitization. Australian homeowners will have access to $230 million in discounted green home loan finance as part of the $750 million green mortgage-backed securitization.
The homes will be among the most energy efficient in Australia, meeting or exceeding a 7-star rating under the Nationwide House Energy Rating Scheme (NatHERS). Qualifying green home loans will enable borrowers to benefit from a 0.4 percent finance discount for up to five years on loans of up to $1.5 million. Construction loans will receive an interest rate discount of up to 1.58 percent.