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TORRENS Series 2014-1 Trust

Securitisation forms an important part of the BEN's overall capital management and funding strategy. All potential securitisable loans are subject to an upfront due diligence that determines their securitisation status.

Please see below for details.

Summary of notes

Issue Date 4 March 2014
Issuance Volume AUD 500,000,000.00
Monthly Distribution Date 13th Day of Each Month or Next Business Day

Security type: Class A

Amount AUD 460,000,000.00
Coupon Details BBSW1M + 90bps
Initial Rating "AAA" S&P, "AAA" Fitch
ISIN AU0000TNHHB2

Security type: Class AB

Amount AUD 30,000,000.00
Coupon Details BBSW1M + 160bps
Initial Rating "AAA" S&P
ISIN AU3FN0022158

Security type: Class B1

Amount AUD 7,500,000.00
Coupon Details BBSW1M + 245bps
Initial Rating "AA-" S&P
ISIN AU3FN0022166

Security type: Class B2

Amount AUD 2,500,000.00
Coupon Details BBSW1M + 290bps
Initial Rating "AA-" S&P
ISIN AU3FN0022174

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