subscribe to our newsletter

AFG Securities upsizes RMBS transaction

AFG Securities has priced an upsized $750-million residential mortgage-backed securities issue.

The wholly owned subsidiary and in-house lending division of Australian Finance Group (AFG), AFG Securities Pty Ltd, has successfully priced its AFG 2021-1 Trust, a residential mortgage-backed securities (RMBS) issue.

The issue has grown from $500 million to $750 million.

The $750 million issue of Australian prime residential mortgages is AFG Securities’ 11th issue since 2013, taking the total paper issued to the market by AFG Securities to $4.825 billion.

The transaction is due to settle on Wednesday (12 May 2021).


AFG CEO David Bailey said that support was received for the transaction from both domestic and international investors.

Mr Bailey commented: “We are very pleased to be able to upsize the transaction from $500 million to $750 million with the support of new and returning investors.

“AFG Securities mortgages continue to perform well, and the broker proposition in the Australian home lending market has never been stronger.

“AFG Securities residential home loan products have both depth and breadth, and the market has responded," Mr Bailey continued.

“We are very pleased with the upsizing of this transaction and look forward to continuing to deliver a competitive range of home loans to our brokers and their customers and sound investment opportunities to the RMBS market,” he concluded.


NAB and ANZ acted as joint lead managers on the transaction.

[Related: AFG Securities issues first non-conforming RMBS]

AFG Securities upsizes RMBS transaction
AFG Securities upsizes RMBS transaction

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.


If you have any news, ideas or enquiries for Mortgage Business - please contact This email address is being protected from spambots. You need JavaScript enabled to view it.


Latest News

The digital property settlements platform has appointed independent company directors to its board as it expects to begin trading on the ASX...

A report has called for a royal commission and the Reserve Bank to address soaring house prices, warning that the Australian property market...

Auction volumes were lower last week amid ongoing lockdown restrictions in Melbourne and a long weekend in several states and territories, a...

How long do you think it should take to discharge a mortgage?

Website Notifications

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