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.
- Information Memorandum
- Note and Portfolio Balance
- Investor Report
- Risk Retention - EU Securitisation Regulation
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 |
View other TORRENS programmes
Additional information
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