Brighten Home Loans
Brighten's growth focus
Adam Moore, director, head of funding and securitisation at Brighten Home Loans in Sydney, discusses the market entrant’s funding journey so far and plans for public securitisation issuance.
Brighten’s star rises with Solaris nonresident RMBS debut
The Australian dollar nonresident residential mortgage-backed securities issuer pool widened with Brighten Home Loans’ debut deal. The issuer says capital-market funding has been a goal since the business’s establishment and that interest in the asset class is growing with increased supply.
Brighten prints A$366.5 million Solaris 2021-1 RMBS
Brighten launches Solaris RMBS transaction
On 12 April, Brighten Home Loans began launched its residential mortgage-backed securities (RMBS) deal, Solaris 2021-1. The transaction is backed by prime Australian resident and nonresident loans, and is expected to price on 14 April with indicative volume of A$261.78 million (US$199 million). The deal has potential to upsize. Credit Suisse, Natixis and Standard Chartered are joint lead managers.
Brighten taking indications of interest for Solaris RMBS transaction
Late in the day on 8 April, Brighten Home Loans began taking indications of interest for its residential mortgage-backed securities (RMBS) deal, Solaris 2021-1. The transaction is backed by prime Australian resident and nonresident loans, and is expected to launch as early as the week beginning 12 April with indicative volume of A$261.78 million (US$200.3 million). The deal has potential to upsize. Credit Suisse, Natixis and Standard Chartered are joint lead managers.
Brighten announces nonresident RMBS mandate
On 30 March, Brighten Home Loans mandated Credit Suisse, Natixis and Standard Chartered to engage investors regarding a potential nonresident, residential mortgage-backed securities (RMBS) deal from its Solaris programme.
nonbank Yearbook 2021
KangaNews's sixth annual guide to the business and funding trends in Australia's nonbank financial-institution sector.
