First Active has raised €750m in a securitisation backed by a portfolio of Irish residential mortgages.
This is First Active's largest securitisation, a process which allows it to use its mortgage book to gain access to additional funding.
Since its first deal in 1998, First Active has issued mortgage backed securities of over €3.1 billion.
'The participation of a significant number of new investors, combined with continued support from previous investors, illustrates the ongoing high level of confidence in the Irish economy,' said First Active treasurer Gerry Murray.
