Every year, KangaNews hosts Australia’s leading nonbank lenders at a sector roundtable discussion – supported since 2019 by Natixis. In keeping with the unique circumstances of 2020, this year’s roundtable was conducted via videoconference. While market conditions have changed dramatically in the past 12 months, the sector is able to tell the same story of solid funding foundations and sound credit quality.
Columbus Capital reopened Australia’s public securitisation market for 2021 with a residential mortgage-backed securities (RMBS) deal that achieved record volume and pricing for the issuer. Deal sources say the transaction attracted vast interest in a credit market that has been starved of new supply.
On 8 February, Columbus Capital launched its residential mortgage-backed securities (RMBS) deal, Triton 2021-1. Total indicative volume for the transaction is A$500 million (US$383.7 million), with the potential to upsize to A$1.5 billion, and is expected to price on 10 February. National Australia Bank is arranger and lead manager alongside Natixis, Standard Chartered and Westpac Institutional Bank.
Late in the day on 3 February, Columbus Capital began taking indications of interest for its residential mortgage-backed securities (RMBS) deal, Triton 2021-1. Total indicative volume for the transaction is A$500 million (US$380.4 million), with the ability to increase to A$1.3 billion, and is expected to launch in the week beginning 8 February.
Columbus Capital revealed plans for a potential Australian dollar denominated, residential mortgage-backed securities (RMBS) transaction from its Triton programme on 28 January. National Australia Bank, Natixis, Standard Chartered and Westpac Institutional Bank have been mandated to engage investors.
nonbank Yearbook 2020
KangaNews's fourth annual guide to the business and funding trends in Australia's nonbank financial-institution sector.