Heritage Bank prices $50m hybrid

Heritage Bank yesterday joined a rush by Australia's banks, large and small, in seeking to diversify funding sources, raising A$50 million via an issue of new floating rate subordinated hybrid debt. read more

Resimac places $500m RMBS

Resimac Group Ltd has priced a A$500 million prime residential mortgage-backed security transaction, its first new offering to investors since the COVID-19 pandemic was declared. read more

Macquarie narrows in on new funding

Out of the spotlight that's been focused on the Big Four banks, Macquarie Bank has been actively seeking new funds along the capital structure, tapping instos and retail investors. read more

AOFM seek clarity on SPV assets

The Office of Financial Management and the Australian Securitisation Forum continue their work on ways to mitigate the impact of payments deferrals due to COVID-19 hardship on smaller lenders. read more

Cards look to cash in on COVID-19

The coronavirus panic has opened a new front in the turf war that is cash versus cards for day-to-day purchases: Mastercard has asserted customers are deserting "dirty" cash for tap-and-go deals, whil.. read more

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