Australian Finance Group
Reflect and reposition
After hopefully overcoming the worst of the COVID-19 pandemic, the Australian securitisation industry is taking stock of a period of resilience and a reshaped competitive landscape. Top of mind for market participants are the way crisis response has changed the cost of funding unevenly for different issuer types and mooted changes to responsible-lending rules.
Repricing opens issuance window for securitisation deals
Between the last week of August and late September, 11 new public securitisation deals printed in the Australia. Market participants say stable pricing and competitive margins – particularly for senior notes – drew previously sidelined investors back to the market, including increased interest from offshore.
Repricing opens issuance window for securitisers
Between the last week of August and late September, 11 new public securitisation deals printed in the Australian market. Market participants say stable pricing and competitive margins – particularly for senior notes – has drawn previously sidelined investors back to the market, including increased interest from offshore.
AFG prints A$1 billion prime RMBS
Robust and evolving
Australian Securitisation 2019 took place in Sydney on 18 and 19 November with market-leading commentary on the evolution of the securitisation market, including collateral, lending regulation and benchmark reforms. The Australian securitisation market is poised to enter the next decade in robust shape, reflected by a record registration for and attendance at the Australian Securitisation Forum’s annual conference.
AFG starts marketing prime RMBS deal
On 6 June, Australian Finance Group (AFG) began taking indications of interest for its prime residential mortgage-backed securities (RMBS) transaction, AFG 2018-1 Trust. The potential deal has an indicative total volume of A$350 million (US$268 million). ANZ is arranging the transaction and leading alongside National Australia Bank.
