Debt Funds, Mortgage Trusts And RMBS Funds

• 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

• Banking Day staff

Suncorp Group has priced an issue of floating rate subordinated notes, raising A$600 million at a margin of 235 basis points over the three-month bank bill swap rate. read more

• George Lekakis

An Australian fund manager with mandates from a string of leading superannuation funds is continuing to offload its exposure to AMP. read more

• Ian Rogers

IFM Investors is targeting zero coal exposure by 2030, and APRA is ordering banks to take a long hard look at their mortgage funding to credibly respond to climate change.  read more

• John Kavanagh

Lender Metrics Credit Partners has taken a big step up in the corporate finance market, announcing that it will acquire Investec’s Australian corporate loan portfolio. read more

• John Kavanagh

Reductions in deposit rates in 2020 will continue to flow through to banks’ overall funding costs this year. read more

• John Kavanagh

Consumer finance company MoneyMe has established a new warehouse funding facility, which it says will reduce its funding costs by more than half. read more

• John Kavanagh

Customer owned banks have some work to do to bring their privacy and data security practices up to the standard required by their industry code. read more

• John Kavanagh

Gryphon Capital Investment Trust, an ASX-listed fund that invests in residential mortgage-backed securities, has advised investors that hardship relief provided to borrowers impacted by COVID-19 will.. read more

• Bernard Kellerman

Moody's has warned that New Zealand housing affordability has worsened, warning it could become a credit negative for the mortgage-backed covered bonds rated by the agency. read more

• Bernard Kellerman

The Commonwealth government is to auction off the Australian Office of Financial Management's entire current holdings of residential mortgaged-backed securities, comprising its remaining investments i.. read more

• Bernard Kellerman

Preliminary ratings have been assigned to a couple of asset-backed securitisations currently being marketed, including Bendigo and Adelaide's third RMBS backed by prime mortgages. read more

• Bernard Kellerman

Melbourne-based specialist finance group Axsesstoday Limited has closed a new A$30 million note offer. read more

• Ian Rogers

The extensive use by banks of mortgage brokers and "embellished loan applications" is the rationale shared by one fund manager for leaning towards lightening an already underweight position in Austral.. read more

• Ian Rogers

Almost every prominent non-bank funder is contributing to a smorgasbord of mortgage-backed bonds on offer to bond-starved credit investors this week. read more

• Banking Day staff

Singapore's DBS Bank, through its Australian Branch, will self-lead its inaugural Australian dollar denominated three-year senior unsecured benchmark issue. read more

• Ian Rogers

Latitude Finance Australia is breaking new ground in the debt capital market, as the first financier to put a master trust structure to work in an asset-backed transaction. But the yield on the store.. read more

• Banking Day staff

Westpac has upsized, to A$2.15 billion from $750 million, its latest auto receivable asset-backed securities issue which it claims is the largest ever Australian domestic ABS transaction. read more

• Banking Day staff

CBA, despite another record half-year profit, is to up its interest only home loan rates for investors by 12 basis points and its Viridian Line of Credit products by four basis points. read more

• Bernard Kellerman

CBA is making its second outing to the securitisation investors in 2016 with the Medallion Trust Series 2016-2. read more