Resimac announced plans for a dual-currency residential mortgage-backed securities (RMBS) deal, Premier Series 2021-1, on 24 February. Citi, National Australia Bank and MUFG Securities are lead managers on both the Australian dollar and US dollar denominated tranches, while Deutsche Bank joins as lead manager on the former.
On 24 February, Eclipx Group revealed plans to engage investors in the week beginning 1 March regarding a potential asset-backed securities (ABS) transaction from its FP Turbo programme. ANZ is arranger and lead manager alongside Commonwealth Bank of Australia, National Australia Bank and Westpac Institutional Bank.
On 23 February, Sintex Consolidated, trading as Loanworks Lending, mandated Westpac Institutional Bank to engage with asset-backed securities (ABS) investors on 3 and 4 March regarding financial results, general business and funding activity.
Nearly a year since the Australian Office of Financial Management (AOFM) deployed its first investment from the Australian Business Securitisation Fund (AOFM), the government debt-management agency is seeking to reinvigorate its mandate to develop the SME financing market. COVID-19 forced a focus on emergency liquidity mechanisms and put the ABSF on hold, but the AOFM believes the experience may now allow it to fast-track its longer-term ABSF aims.