In September 2019, KangaNews convened its annual roundtable discussion between the heads of funding at Australia’s most prominent nonbank lenders – cohosted, for the first time, by Natixis. The fundamental story continues to be one of asset growth and therefore a need to keep building access to global funding options.
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.
On 6 October, Columbus Capital launched its nonresident residential mortgage-backed securities (RMBS) deal, Vermilion 2020-1. Total indicative volume for the transaction is A$418.9 million (US$300.9 million) and is expected to price on the day after launch. Credit Suisse, Natixis and Standard Chartered are leading.
On 23 September, Columbus Capital mandated Credit Suisse, Natixis and Standard Chartered to engage investors regarding a potential Australian dollar denominated nonresident residential mortgage-backed securities (RMBS) deal from its Vermilion programme.
COVID-19 has spurred record volume of social-bond issuance and some sustainable-finance experts believe the crisis will be the catalyst for much more widespread adoption of the instrument. Despite the best efforts of advocates, however, the hurdles to habitual use of social bonds, especially in the private sector, remain high.
nonbank Yearbook 2020
KangaNews's fourth annual guide to the business and funding trends in Australia's nonbank financial-institution sector.