Briefs: More potential Panin bidders, Money3Corp plan, Bendigo and Adelaide securitisation deal and

Banking Day staff
  • ANZ may have buyers other than Mizuho Financial Group in the wings as prospective bidders for its 39 per cent holding in Indonesian lender Panin, Reuters reports. Several banks, including a Spanish bank and Chinese lenders, have previously expressed interest in acquiring a stake in Panin, Reuters reports. Talks between Mizuho and the Gunawan family, the controlling owners of Panin, have stalled.
  • Money3 Corp, a short term lender, is seeking to raise A$25 million in an institutional placement and share purchase plan to fund an acquisition, the Financial Review reports. Money3 is seeking the cash injection to acquire credit provider Paid International, a firm previously trading as First Stop Money.
  • Bendigo and Adelaide Bank priced a A$600 million residential mortgage backed securitisation deal yesterday, known as the TORRENS Series 2014-2 Trust. For the $552 million senior tranche the bank sold the bonds at 85 basis points over one month swap -  ten basis points wider than obtained by Westpac last week on a much larger RMBS bond and five basis points wider than paid by AMP Bank late last month.
  • Fast Easy Loans Pty Ltd, a payday lender, has agreed to refund more than 2000 consumers A$477,900 following ASIC concerns that it charged consumers a brokerage fee. The Australian Securities and Investments Commission said that from September 2010 to June 2013, Fast Easy acted as the broker for a related lender, Easy Finance, and" unlawfully charged consumers a brokerage fee in excess of certain state and territory interest rate caps."
  • Emerchants Ltd announced it had appointed Alastair Wilkie as chief operating officer, a new role created "to lead the sales, operations and partner service functions" of the Australian arm of the payments solutions provider. Wilkie was previously at Indue.