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Columbus issues non-resident RMBS

Columbus Capital has followed up its record A$1.5 billion RMBS issue in February with a $418.8 million deal priced last week.

Vermilion 2021-1 is backed entirely by loans to non-Australian residents – the second time in a year that Columbus has issued non-resident RMBS.

Pricing on the $100 million of A1-MM notes, with a weighted average life of 0.9 years, is 60 basis points over the one-month bank bill swap rate.

Pricing on the $110.5 million of A1-AU notes, with a weighted average life of 2.8 years, is 100 bps over one-month BBSW.

Pricing of the $48.8 million of B notes, which have a weighted average life of 3.4 years, is 160 bps over one-month BBSW.

 

 

 

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