Powered by MOMENTUM MEDIA
subscribe to our newsletter

RedZed announces $150m RMBS transaction

Specialist mortgage lender RedZed yesterday priced its $150 million specialist RMBS transaction 'RedZed Trust Series 2014-1'.

It is the lender’s second issue after the RedZed Trust Series 2011-1 term transaction.

"We were pleased to be able to build relationships with investors across the capital structure and see it as a further vote of confidence in RedZed," RedZed managing director Evan Dwyer said.

Six investors participated in the transaction, with 85 per cent comprising real money accounts.

CBA and NAB were joint lead managers on the issue.

Advertisement
Advertisement

“The transaction supports RedZed’s overall funding strategy,” CBA head of debt markets securitisation Robert Verlander said.

“The transaction structure delivers competitive pricing and demonstrates continued investor demand of RMBSs issued by Australian specialist lenders,” he said.

NAB associate director of investment grade origination Craig Stevens said the transaction represents another 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.

The transaction is due to settle on 13 May 2014.

RedZed Lending Solutions is a specialist residential mortgage lender that distributes through a limited group of mortgage brokers on a national level.

PROMOTED CONTENT


RedZed announces $150m RMBS transaction
mortgagebusiness

Latest News

Property sale settlements hit a two-year high across the country in December 2020 and surged in Victoria, driven by the easing of COVID-19 r...

Fintechs, including UK-based Monzo Bank, could face the same fate as Xinja unless they create a sustainable future, GlobalData has warned. ...

Property analysts believe that the RBA’s forecasted 30 per cent growth in property prices over the next three years will materialise in 7...

FROM THE WEB

Join a group of highly informed brokers.

Broker Pulse, a community-driven knowledge base of lender performance Reveal exactly which lenders are making life easiest for brokers and their clients by taking this monthly survey and joining a group of highly informed brokers who leverage these insights every month.

JOIN NOW
podcast

LATEST PODCAST: Turnaround time blowouts

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

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