Founded in 2000, Bluestone Group is a well-diversified originator of residential home loans in Australia and New Zealand. With a team of professionals across Australia, New Zealand and the Philippines, Bluestone manages around A$13 billion in home loans, including A$4.7 billion equivalent of loans in its own mortgage book.

Global investment firm Cerberus Capital Management purchased Bluestone in 2018, bringing significant capital, operational and credit expertise to the business. Since then, the strategic focus has shifted to incorporate a greater proportion of lower credit-risk assets, expand the product set and broaden investor relationships.

Strategic initiatives have included a complete redesign of Bluestone’s product set of prime, near-prime and specialist loans, including the addition of SMSF lending, as well as internal structural changes. These have led to an upgrade in the company’s S&P Global Ratings servicer ranking to the highest possible ranking of “strong” for an RMBS servicer.

Bluestone frequently issues in the Australian RMBS market with 39 public securitisation trusts since 2002, including 22 transactions from 2013 to 2023. Funding comprises warehouse facilities from domestic and international banks, as well as institutional investors in Australia and offshore. Bluestone accesses the public RMBS market via three public programmes: Sapphire, AU Prime and NZ Prime.

To support ongoing business growth initiatives, Bluestone anticipates issuing 2-4 RMBS deals annually across Australia and New Zealand.

Milos Ilic-Miloradovic
Treasurer
+61 429 877 715
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www.bluestone.com.au