Thinktank launches A$500 million Commercial Series 2021-2 Trust
- Monday, 22 November 2021
On 22 November, Thinktank Group launched its A$500 million (US$361.9 million) small ticket commercial and residential mortgage-backed securities deal, Commercial Series 2021-2 Trust. The transaction is anticipated to price by 25 November. Westpac Institutional Bank is arranger and lead manager alongside Commonwealth Bank of Australia, Deutsche Bank and Macquarie Bank.
Commercial Series 2021-2 Trust structure and indicative price guidance
|Tranche||Indicative volume (A$m)||Expected rating (S&P)||Weighted-average life (no. of years)||Initial credit support (per cent)||Indicative price guidance (bp/1m BBSW)|
Source: Westpac Institutional Bank 22 November 2021
Tranches E and F are no longer available, while A2-D have 50 per cent availability. Tranches G and H are retained by the borrower.
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