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

The financial services regulator has released examples of how the incoming rules for add-on insurance will work for CCI, among other credit ...

The major bank has said that it is committed to the sale of its Pacific businesses despite a competition regulator knocking back their propo...

A prime residential lender has announced the pricing of one of its largest prime residential mortgage-backed securities to date. ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

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.