AOFM purchases of structured finance securities

The Australian Office of Financial Management (AOFM) is purchasing structured finance securities through the structured finance support fund (SFSF) to promote the smooth functioning of the Australian securitisation market. KangaNews will provide subscribers with easy access to SFSF investments in primary, secondary and warehouse facilities as information is made available by the AOFM.

SFSF investments in primary transactions

Pricing dateSponsorIssue nameTrancheVolume (A$m)Weighted-average life (years)Margin (bp/1m BBSW)SFSF sole investor
8 May 20 Liberty Financial Liberty Series 2020-1 A2 64.5 2.4 120 Y
27 Mar 20 Firstmac Firstmac 2020-1 A1
A2
AB
B
C
D
107.5
66.5
8.25
1
1.27
4.62
3.2
4.4
5.6
5.6
5.6
5.6
120
75
275
325
400
500
N
Y
N
N
N
N

 

SFSF investments in secondary market

Deal dateSponsorIssue nameTrancheAmortised face value (A$m)Expected weighted-average life (years)Coupon (bp/1m BBSW)Estimated traded margin (per cent)
6 May 20 Liberty Financial Liberty 2016-1 SME B
C
D
9.4
3.8
3.8
0.4
0.4
0.4
300
400
500
2
2.5
2.5
    Liberty 2017-1A D 2.1 1 320 2.75
  Pepper Group Pepper 21X B
15
2
2.1
2
220
610
2.6
6.25
  RedZed RedZed 2018-1 E 1.5 2 615 6.25
  Resimac Resimac 2019-1NCX B 5 4 210 2.75
    Resimac 2018-1NC D 3 2.5 410 4.5
8 May 20 Firstmac Firstmac 2019-4 D 2 5.3 365 4.55
  La Trobe Financial LTFCMT 2018-2 C 1.8 2.5 310 3.55
    LTFCMT 2019-1 B
C
D
1.6
3
1.75
2.8
2.8
2.8
245
330
425
2.9
3.75
4.7
  Liberty Financial Liberty 2018-1 SME B 5 1.9 235 2.5
    Liberty 2019-1 SME B
C
D
4.3
4.25
2.5
3.1
3.1
3.1
210
280
380
2.8
3.4
4.35
  Resimac Resimac 2019-1 NCX B
C
3.1
1.7
4
3.9
210
290
2.75
3.7
    Resimac 2019-1 D 4.5 4.7 385 4.5
  ThinkTank Think Tank 2018-1 B 9.5 1.6 235 2.6
    Think Tank 2019-1 B 6.5 2.5 200 2.8
11 May 20 Firstmac Firstmac 2011-2 A3 2.3 1.8 190 2
  La Trobe Financial LTFCMT 2019-1 B 3.2 2.8 245 2.9
    LTFCMT 2019-2 A2L
B
7.8
4
3.5
3.2
185
220
2.6
3
  Liberty Financial Liberty 2019-2 B
C
8
9.1
2.6
2.6
210
270
2.65
3.4
    Liberty 2019-1 SME B
C
D
6.8
2.8
2.8
3.1
3.1
3.1
210
280
380
2.8
3.4
435
  Mortgage House Mortgage House 2019-1 A2 6.5 2.5 190 2.3
  ThinkTank Think Tank 2018-1 B 7.6 1.6 235 2.6
    Think Tank 2019-1 B 7.1 2.5 200 2.8

 

SFSF investments in warehouse facilities

Delegate approval dateSponsorVolume (A$m)
2 Apr 20 Judo Bank 250
17 Apr 20 Columbus Capital 20
24 Apr 20 AFG
RedZed
Resimac
ThinkTank
106
17.5
21.5
24.2