La Trobe Financial
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 3 May, La Trobe Financial launched its residential mortgage-backed securities (RMBS) deal, La Trobe Financial Capital Markets Trust 2021-1 (LFCMT 2021-1). Total capped volume for the deal is A$1.25 billion (US$964.4 million) and is expected to price on 4 May.
On 29 April, La Trobe Financial began taking indications of interest for its residential mortgage-backed securities (RMBS) deal, La Trobe Financial Capital Markets Trust 2021-1 (LFCMT 2021-1). Total indicative volume for the transaction is A$750 million (US$585.5 million), with the ability to upsize to A$1.25 billion, and is expected to launch in the week beginning 3 May.
On 21 April, La Trobe Financial revealed plans for a potential Australian dollar denominated residential mortgage-backed securities (RMBS) deal, La Trobe Financial Capital Markets Trust 2021-1. Macquarie Bank has been mandated as arranger, and joint lead manager alongside Citi, Commonwealth Bank of Australia, HSBC, National Australia Bank, Natixis and Westpac Institutional Bank, to arrange a series of investor meetings in the week beginning 26 April.
Australia’s securitisation market has maintained deal volume at a level in line with outcomes from recent years despite massive upheaval to the supply and demand picture in 2020. In particular, bank issuers have been all-but absent this year but a particularly active September for new issuance kept annual volume robust.
nonbank Yearbook 2020
KangaNews's fourth annual guide to the business and funding trends in Australia's nonbank financial-institution sector.