Avanti Finance

Tuesday, 16 October 2018

Avanti ready for action

New Zealand’s securitisation market could be set to proliferate as regulatory moves to kick-start a bank market progress. Mark Mountcastle, chief executive at Avanti Finance (Avanti) in Auckland, says the environment is also beneficial for nonbank lenders.

Tuesday, 13 October 2020

Tailwinds and asset performance bring new support for Avanti

Avanti Finance printed New Zealand’s second residential mortgage-backed securities (RMBS) deal in just over a month, on 9 October – a feat that seemed highly improbable earlier in the year. Sound origination standards and technical tailwinds have caused interest in the asset class to jump, the issuer says.

Tuesday, 06 October 2020

Avanti launches 2020-1 RMBS transaction

On 6 October, Avanti Finance launched its residential mortgage-backed securities (RMBS) deal, Avanti RMBS 2020-1. Total capped volume for the transaction is NZ$250 million (US$166.1 million) and is expected to price on 9 October. Westpac New Zealand is sole lead manager.

Wednesday, 30 September 2020

Avanti taking IOIs for RMBS deal

On 1 October, Avanti Finance began taking indications of interest (IOI) for its residential mortgage-backed securities (RMBS) deal, Avanti RMBS 2020-1. The transactions has indicative volume of NZ$250 million (US$165.7 million) and may launch in the week beginning 5 October. Westpac New Zealand is sole lead manager.

Monday, 14 September 2020

Avanti exploring New Zealand RMBS deal

On 14 September, Avanti Finance mandated Westpac New Zealand to arrange a series of investor meetings regarding a potential New Zealand dollar denominated residential mortgage-backed securities (RMBS) transaction.

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