Resimac
Australian nonbanks' song remains the same
Every year, KangaNews hosts Australia’s leading nonbank lenders at a sector roundtable discussion – supported since 2019 by Natixis. In keeping with the unique circumstances of 2020, this year’s roundtable was conducted via videoconference. While market conditions have changed dramatically in the past 12 months, the sector is able to tell the same story of solid funding foundations and sound credit quality.
Offshore securitisation back on the menu for nonbanks
Market talk is growing about a potential return to offshore issuance by Australian securitisation sponsors – including some nonmortgage asset-backed securities – if, as expected, issuance needs remain high while domestic market tailwinds abate. Australian investors note recent and expected developments in the credit market could soften demand and issuers are already starting to venture offshore once more.
Resimac prints A$1 billion equivalent Premier Series 2021-3 with Australian dollar and yen tranches
Resimac launches Premier Series 2021-3 RMBS deal
Resimac breaks foreign-currency securitisation drought
Resimac’s Bastille Trust Series 2021-2NC is only the second Australian-origin securitisation transaction this year to include foreign-currency tranches. Execution certainty at attractive pricing levels drove the decision as the domestic market prepares itself for supply-side changes.
Resimac prices A$1.5 billion equivalent nonconforming RMBS deal
nonbank Yearbook 2021
KangaNews's sixth annual guide to the business and funding trends in Australia's nonbank financial-institution sector.
