Mortgage lender Firstmac has completed an issue of mortgage-backed securities in Australian dollars and pounds - its first dual currency issue since 2007. Firstmac Mortgage Funding Trust Series 1E-2013 raised A$500 million.Pricing on the $310 million A1 tranche was 110 basis points over the bank bill swap rate.Pricing on the £92 million A2 tranche was UK Libor plus 70 bps. The A2 notes are soft bullet, which means that no principal will be repaid before maturity. Maturity is three years.Pricing on the $22 million AB tranche was 175 bps over swap. Pricing on the $16 million B1 tranche was 310 bps over swap, and pricing on the $2 million B2 tranche was 350 bps over swapFirstmac's chief financial officer, James Austin, said in a statement that there were 15 "real money accounts" (fund managers) among the investors in the issue. They bought 64 per cent of the notes on offer.Austin said that Firstmac recorded its biggest month for settlements since the financial crisis in May.Firstmac's RMBS was arranged by Westpac. Joint lead managers were Westpac, ANZ, Bank of America Merrill Lynch and NAB.