Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP

RECEIVE BREAKING NEWS DIRECT TO YOUR INBOX EACH DAY

SUBSCRIBE

Must Read

June 4 2019 Major banks pass on cash rate cut
Several lenders, including major banks, have dropped their variable home loan rates in response to t...
June 12 2019 HashChing executive team departs, new CEO steps in
The founder and the executive team of online mortgage marketplace HashChing have all left the compan...
June 4 2019 RBA pulls cash rate trigger
The central bank has reduced the official cash rate for the first time since August 2016, with mortg...
June 6 2019 Non-major bank brings in former Westpac consumer bank CEO
BOQ has announced that it will welcome a new managing director and CEO in September, after appointi...
Rankings and reports

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Specialist lender prices $250m RMBS transaction

James Mitchell 2 minute read

One of Australia’s specialist lenders has successfully priced a $250 million RMBS transaction.

RedZed Lending Solutions said the “RedZed Trust Series 2015-1” transaction was upsized from $200 million on the back of strong investor demand.

Priced yesterday, the transaction is the specialist lender’s third issue after similar RMBS deals in 2011 and 2014.

“We were pleased to achieve continued improvement from 2014-1 and at the same time extending existing relationships and building new relationships with investors across the capital structure,” RedZed managing director Evan Dwyer said.

“This funding helps us continue to focus on being the lender of choice for quality self-employed customers in Australia.”

Advertisement
Advertisement

Ten investors participated in the transaction with 87 per cent comprising real money accounts.

“The transaction represents another positive step in building the RedZed brand in the RMBS Australian specialist lending space and was positively received by the market with strong participation by real money accounts across the capital structure,” said Craig Stevens, associate director of investment grade origination at NAB.

The major bank was arranger and joint lead manager of the deal along with CBA.

“The transaction demonstrates the ongoing support of the specialist lending sector enabling RedZed to diversify and grow its investor base,” CBA director of debt market securitisation Ernest Biasi said.

The transaction is due to settle on 17 September.

Specialist lender prices $250m RMBS transaction
default
TheAdviser logo
default
James Mitchell

James Mitchell

James Mitchell has over eight years’ experience as a financial reporter and is the editor of Wealth and Wellness at Momentum Media.

He has a sound pedigree to cover the business of mortgages and the converging financial services sector having reported for leading finance titles InvestorDaily, InvestorWeekly, Accountants Daily, ifa, Mortgage Business, Residential Property Manager, Real Estate Business, SMSF Adviser, Smart Property Investment, and The Adviser.

He has also been published in The Daily Telegraph and contributed online to FST Media and Mergermarket, part of the Financial Times Group.

James holds a BA (Hons) in English Literature and an MA in Journalism.

 

FROM THE WEB

Latest Opinion

When the ‘why’ may be not enough
So you are clear on your “why” and you have all the inspiration now in the world. And why not? ...
Matt Bauld
How brokers can support small business clients this EOFY
The end of financial year is fast approaching. It’s a busy period for many Australians, and time-poor small business owners will be under the pump t...
Using turbulence to drive success: How change can be a catalyst for growth
The world is always changing, and our industry is certainly no exception. However, it’s worth keeping in mind that whilst you can’t change the mar...
latest issue
The Adviser magazine latest issue
COVER STORY
Understanding cash flows

While asset and equipment finance is often the entry point to SME finance for brokers, becoming a trusted finance broker requires much more in-depth knowledge of a business’ financial position and its trajectory. We take a look at how brokers can cement themselves as the trusted finance adviser by getting to grips with a business’ cash flow.

FEATURED ARTICLE
Meet the mentor: Sue Hayter

A mentor can impart the wisdom gained over a lifetime of experiences, including mistakes, and provide guidance for future decisions. Tas Bindi speaks to award-winning mentor and mortgage broker Sue Hayter of Quality Financial Group about how mentorship can accelerate a nascent broker’s learning and career.

Banking on SMEs

In April, Judo Capital was granted a full Australian banking licence, making Judo Bank the first authorised deposit-taking institution dedicated to small and medium-sized businesses in Australia. George Obeid, Judo Bank’s managing director, third party, outlines how the bank will be helping broker clients.

SUBSCRIBE TO THE ADVISER MAGAZINE TODAY!
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target market reports to an audience of professional mortgage and finance brokers
order now