Columbus Capital has raised A$1.5 billion of funding with an issue of residential mortgage-backed securities, in a deal that saw margins widen compared with the lender’s previous deal.

The A1-MM notes of Columbus Capital Triton 2022-1, worth $320 million and with a weighted average life pf 0.5 years, were priced at 55 basis points over the one-month bank bill swap rate.

The A1-AU notes, worth $725 million and with a weighted average life of three years, were priced at 100 bps over one-month BBSW.

The A1-5Y notes, worth $230 million and with a weighted average life of five years, were priced at 120 bps over BBSW.

The A2 notes, worth $105 million and with a weighted average life of 4.2 years, were priced at 150 bps over BBSW.

The AB through to F notes were priced at margins ranging from 150 to 600 bps.

Spreads have widened since Columbus last priced a Triton issue, last July. In that transaction the A1-MM notes were priced at a margin of 48 bps, the A1-AU notes were priced at a margin of 70 bps and the A1-5Y notes were priced at a margin of 95 bps.