RedZed steps out on risk 17 April 2024 3:11AM Latest news Ian Rogers A human-centric credit process will remain a hallmark of RedZed’s business as it shifts its risk appetite toward much higher value lends. read more
Briefs: ASIC CEO resigns, Pepper prices ABS, Butn tops up capital 16 April 2024 3:35AM Latest news John Kavanagh ASIC chief executive Warren Day is leaving the regulator to join the Commonwealth DPP. read more
Canadian-style RMBS scheme floated, again 28 March 2024 3:40AM Latest news Ian Rogers Banks may be encouraged to pilot 'tracker mortgages' if the government takes up a proposal from the House of Representatives Economics Committee. read more
Briefs: Trade payment defaults hit a record, Scotpac launches business line of credit, Dynamoney bul 14 March 2024 2:55AM Latest news Banking Day staff CreditorWatch’s latest Business Risk Index reports a 48 per cent increase in B2B trade payment defaults over the 12 months to February read more
ABSF funds Dynamoney 22 February 2024 6:05AM Latest news John Kavanagh The Australian Business Securitisation Fund has made its latest investment, committing A$225 million to a warehouse facility sponsored by SME lender Dynamoney. read more
Deteriorating credit quality does not deter RMBS investors 22 February 2024 5:58AM Latest news John Kavanagh Investors continue to shrug off rising home loan arrears, subscribing for mortgage securities at narrower margins since the start of the year. read more
Strong demand reduces non-bank securitisation cost 19 February 2024 4:01AM Latest news John Kavanagh The pricing of non-bank issues of residential mortgage-backed securities has tightened since the start of the year, as strong demand for locally issued RMBS and ABS continues. read more
ANZ launches AT1 issue 15 February 2024 5:35AM Latest news John Kavanagh ANZ has launched an issue of additional tier 1 securities, seeking A$1 billion or more and with pricing of the hybrids expected to be in a range between 290 and 310 basis points over the bank bill swa.. read more
Private debt market weathers the inflationary storm 07 February 2024 4:12AM Latest news John Kavanagh Activity in Australia’s private debt market slowed markedly in 2023, with growth of 7 per cent in assets – down from 32 per cent in the previous year. read more
Securitised asset fund manager looks to grow 06 February 2024 4:25AM Latest news John Kavanagh Gryphon Capital Investments has launched a A$97.3 million capital raising for its listed securitised asset fund, Gryphon Capital Investment Trust, saying it sees an opportunity to diversify the portfo.. read more
Plenti green bond hits the spot 06 February 2024 4:24AM Latest news John Kavanagh Consumer lender Plenti Group has priced a A$375 million issue of asset-backed securities that includes a climate bond certified tranche, with a bigger deal size and tighter margin than its previous gr.. read more
Strong demand for Westpac RMBS 29 January 2024 4:21AM Latest news John Kavanagh Westpac raised A$2.75 billion through an issue of residential mortgage-backed securities, WST 2024-1, upsizing the transaction from $750 million at launch and paying 105 basis points over the one-mont.. read more
Household Capital looking to securitise up to $10bn of reverse mortgages 05 December 2023 5:42AM Latest news George Lekakis Equity release lender Household Capital is planning a A$1 billion securitisation program to help fund surging demand from retirees for its reverse mortgage products. read more
Strong demand for Westpac hybrid 23 November 2023 5:53AM Latest news John Kavanagh Westpac has completed the bookbuild for its latest issue of additional tier 1 securities, pricing the issue at a wider margin than the margins on recent issues by NAB and ANZ. read more
Car loans set to lead ABS market 23 November 2023 5:46AM Latest news Bernard Kellerman Issuance of securitisation deals backed by car loans is set to evolve further, with investors likely to see more frequent – and larger – transactions on offer. read more
Securitisation back on track: RBA 22 November 2023 5:55AM Latest news Bernard Kellerman The message for attendees at the ASF Conference in Sydney is that despite the tightening of financial conditions, securitisation issuance remains resilient. read more
ABS leads securitisation market growth 21 November 2023 5:43AM Latest news John Kavanagh The very strong growth in the issuance of asset-backed securities, and one of the questions up for discussion at yesterday’s Australian Securitisation Forum annual conference was whether ABS issuers c.. read more
Briefs: CBA sells Indonesian subsidiary, Judo completes hybrid issue 20 November 2023 5:36AM Latest news Commonwealth Bank has sold its Indonesian subsidiary PT Bank Commonwealth to PT Bank OCBC NISP Tbk. read more
RMBS market on an even keel 06 November 2023 5:42AM Latest news John Kavanagh The pricing of prime non-bank mortgage-backed securities remains steady, as strong demand for Australian RMBS has underpinned healthy issuance this year. read more
Buoyant securitisation market supports non-bank diversification 30 October 2023 5:31AM Latest news John Kavanagh Securitisation transactions over the past month show there is plenty of investor support for the shift in focus among non-bank lenders to areas such as non-prime mortgage lending, asset finance and pr.. read more