MA Money completes $500m RMBS

MA Financial Group Limited (MA Financial) has announced that its non-bank lending business MA Money has successfully secured its first-ever residential mortgage-backed securities (RMBS) public term issuance, valued at $500 million.

Initially, the transaction’s launch size amounted to $400 million, but was upsized due to “strong domestic and offshore investor demand”, the group stated.

The proceeds of the RMBS will go towards strengthening the non-bank lender’s capacity for future growth, while furthering its efforts to provide “reliable mortgage solutions to its clients”.

According to the group, the transaction represents the “largest inaugural non-bank RMBS issuance by a lender in Australian history”, underscoring the non-bank lender’s commitment to ongoing growth in its loan book size and as a lender in the Australian home loan market.

Joint chief executive of MA Financial, Chris Wyke, commented on the inaugural transaction: “We are pleased to have completed our first RMBS term issuance, a meaningful milestone that underscores our prudent lending practices and ability to grow MA Money.

“The transaction diversifies MA Money’s funding sources and investor base.

“Our plan is to be a regular RMBS issuer in the term market, and we will continue to take a proactive approach and engage with investors to share our growth strategy and expand our investor base.”

New logo unveiled

Preceding MA Money’s RMBS transaction, MA Financial revealed a new logo and fresh rebranding for the purpose of increasing brand awareness across a wider client base in mid-October.

According to the group, the growth of its various consumer-facing businesses along with its ongoing global expansion has made this an “ideal time for a transition to a more easily identifiable and modern branding”.

Mr Wyke and MA Financial’s other CEO Julian Biggins stated the fresh distinctive brand identity “reflects the financial services firm’s focus and aspirations”.

“As we move into new geographies, markets, and client segments, it’s important to have a logo that is clear, strong, and easily identified as unique to MA Financial,” the joint CEOs said.

“Since our inception, we have always harnessed change, growing and adapting to meet the opportunities in the market and this move is no different.

“The arc displayed in the letter ‘A’ reflects optimism, performance, growth, and our belief in the unlimited potential of our people and clients.”

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