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TORRENS Series 2014-2 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 15 December 2014
Issuance Volume AUD 600,000,000.00
Monthly Distribution Date 12th Day of Each Month or Next Business Day

Security type: Class A

Amount AUD 552,000,000.00
Coupon Details BBSW1M + 85bps
Initial Rating "AAA" S&P, "AAA" Fitch

Security type: Class AB

Amount AUD 34,800,000.00
Coupon Details BBSW1M + 160bps
Initial Rating "AAA" Fitch
ISIN AU3FN0026001

Security type: Class B

Amount AUD 8,400,000.00
Coupon Details BBSW1M + 240bps
Initial Rating "AA-" Fitch
ISIN AU3FN0026019

Security type: Class C

Amount AUD 2,400,000.00
Coupon Details BBSW1M + 320bps
Initial Rating "A" Fitch
ISIN AU3FN0026027

Security type: Class D

Amount AUD 2,400,000.00
Coupon Details BBSW1M + 550bps
Initial Rating Not rated
ISIN AU3FN0026035

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