Columbus Capital has priced its fourth Triton series issue of residential mortgage-backed securities for the year, raising A$550 million. Pricing on the A1-MM notes, worth $90 million and with a weighted average life of 0.6 years, was 115 basis points over the one-month bank bill swap. Pricing on the A1-AU notes, worth $377.5 million and with a weighted average life of 2.8 years, was 170 bps over one-month BBSW. Pricing on the A2 to F notes was in a range from 220 bps to 770 bps. Invoice finance company Scotpac says demand for non-bank finance has increased to a record high this year as SMEs look for faster and more flexible finance options to help them deal with supply chain disruption and other business challenges. According to the company’s latest SME Growth Index, 33 per cent of companies surveyed said they plan to use non-bank lenders. “They want credit fast, they want to be able to make decisions really quickly to buy additional stock, import something or buy equipment,” Scotpac chief executive Jon Sutton said.