Securitisation sector set for another bumper year 03 December 2024 6:35AM Latest news Bernard Kellerman Asset-backed securitisations have been on a steep issuance curve since markets were freed up post-Covid, and there is more to come. read more
ABS surge good for competition 03 December 2024 5:54AM Latest news Bernard Kellerman 2024 has emerged as the strongest year for securitisation in over a decade, where strong investor demand has driven spreads lower despite high issuance. read more
ABS firsts: MoneyMe and Household Capital 19 July 2024 6:40AM Latest news Bernard Kellerman A couple of more unusual securitisation deals were finalised yesterday. Neither is notable for its absolute size, but these are both firsts in their more specialised patches of the lending landscape –.. read more
Resimac CEO quits suddenly 10 July 2024 6:45AM Latest news Ian Rogers Non-bank lender Resimac is on the hunt for a new permanent chief executive, following the resignation of Scott McWilliam as CEO after 21 years of service. read more
Citi testing reverse mortgage backed deal 10 July 2024 12:20AM Latest news Bernard Kellerman Australian non-bank lender Household Capital Pty Ltd has mandated Citi to market a potential AUD-denominated reverse mortgage securitisation deal. read more
Four weeks to TFF deadline 02 June 2024 9:38PM Latest news Ian Rogers Pre-payments by banks ahead of the repayment deadline for the Term Funding Facility have been flowing through, with $30 billion repaid over the last 10 weeks. There is another $65 billion to go. read more
Private debt funds are flavour of the month 09 May 2024 12:47AM Latest news John Kavanagh AMP is committing $300 million in seed funding to its Alternative Debt Fund. read more
Fake term deposits scams 'better than ever' 03 May 2024 12:51AM Latest news John Kavanagh Crooks behind fake term deposits scams and dodgy bond investments have upped their game, and consumers need to be even more wary. read more
Perpetual confirms sale talks with KKR 30 April 2024 4:07AM Latest news John Kavanagh Perpetual has confirmed that it is negotiating to sell its corporate trust business, putting the biggest trustee in the Australian loan securitisation market on the block. read more
RedZed steps out on risk 17 April 2024 3:11AM Latest news Ian Rogers A human-centric credit process will remain a hallmark of RedZed’s business as it shifts its risk appetite toward much higher value lends. read more
Briefs: ASIC CEO resigns, Pepper prices ABS, Butn tops up capital 16 April 2024 3:35AM Latest news John Kavanagh ASIC chief executive Warren Day is leaving the regulator to join the Commonwealth DPP. read more
Canadian-style RMBS scheme floated, again 28 March 2024 3:40AM Latest news Ian Rogers Banks may be encouraged to pilot 'tracker mortgages' if the government takes up a proposal from the House of Representatives Economics Committee. read more
Briefs: Trade payment defaults hit a record, Scotpac launches business line of credit, Dynamoney bul 14 March 2024 2:55AM Latest news Banking Day staff CreditorWatch’s latest Business Risk Index reports a 48 per cent increase in B2B trade payment defaults over the 12 months to February read more
ABSF funds Dynamoney 22 February 2024 6:05AM Latest news John Kavanagh The Australian Business Securitisation Fund has made its latest investment, committing A$225 million to a warehouse facility sponsored by SME lender Dynamoney. read more
Deteriorating credit quality does not deter RMBS investors 22 February 2024 5:58AM Latest news John Kavanagh Investors continue to shrug off rising home loan arrears, subscribing for mortgage securities at narrower margins since the start of the year. read more
Strong demand reduces non-bank securitisation cost 19 February 2024 4:01AM Latest news John Kavanagh The pricing of non-bank issues of residential mortgage-backed securities has tightened since the start of the year, as strong demand for locally issued RMBS and ABS continues. read more
ANZ launches AT1 issue 15 February 2024 5:35AM Latest news John Kavanagh ANZ has launched an issue of additional tier 1 securities, seeking A$1 billion or more and with pricing of the hybrids expected to be in a range between 290 and 310 basis points over the bank bill swa.. read more
Private debt market weathers the inflationary storm 07 February 2024 4:12AM Latest news John Kavanagh Activity in Australia’s private debt market slowed markedly in 2023, with growth of 7 per cent in assets – down from 32 per cent in the previous year. read more
Securitised asset fund manager looks to grow 06 February 2024 4:25AM Latest news John Kavanagh Gryphon Capital Investments has launched a A$97.3 million capital raising for its listed securitised asset fund, Gryphon Capital Investment Trust, saying it sees an opportunity to diversify the portfo.. read more
Plenti green bond hits the spot 06 February 2024 4:24AM Latest news John Kavanagh Consumer lender Plenti Group has priced a A$375 million issue of asset-backed securities that includes a climate bond certified tranche, with a bigger deal size and tighter margin than its previous gr.. read more