Prospa’s ability to lengthen the lifespan of its loan originations allowed the issuer to adopt a more traditional closed-pool deal structure in its return to the securitisation market. Offering shorter weighted average life securities was positively received by domestic investors, the issuer reveals – but it adds that there is more work to be done to educate offshore accounts about Australian SME credit.
nonbank Yearbook 2023
KangaNews's eighth annual guide to the business and funding trends in Australia's nonbank financial-institution sector.