KangaNews is proud to present the winners of the institutional and deal categories in the KangaNews Awards 2017. After an extensive voting and verification process, KangaNews can confidently say its results reflect a true market view on the outstanding performers of 2017 in the Australian and New Zealand debt markets.
Latitude Finance Australia (Latitude) is preparing its third asset-backed securities (ABS) deal of 2017, and its first public personal loan-backed ABS, with expected ratings assigned to the forthcoming deal on 30 October. Latitude Australia Personal Loans Series 2017-1 Trust has a six-tranche structure with indicative aggregate volume of A$542.5 million (US$416.5 million), according to preliminary ratings reports by Moody’s Investors Service and Fitch Ratings (Fitch).
A detailed list of securitisation transactions issued by nonbanks profiled in the KangaNews Nonbank Yearbook 2017.
Key statistics, issuer information and market data on key nonbank borrowers.
Latitude Finance Australia (Latitude) capped the size of its second-ever public securitisation deal and ran a limited marketing process to reward investors that have consistently provided reverse enquiry since the issuer’s March debut. Latitude says further investor diversity remains part of its funding strategy and this goal will likely be to the fore in its next deal – which may be backed by different collateral.