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 | 17 June 2015 |
| Issuance Volume | AUD 500,000,000.00 |
| Monthly Distribution Date | 14th Day of Each Month or Next Business Day |
Security type: Class A1
| Amount | AUD 460,000,000.00 |
| Coupon Details | BBSW1M + 92bps |
| Initial Rating | "AAA" S&P, "Aaa" Moody's |
| ISIN | AU0000TNJHA0 |
Security type: Class A2
| Amount | AUD 11,750,000.00 |
| Coupon Details | BBSW1M + 99bps |
| Initial Rating | "AAA" S&P |
| ISIN | AU0000TNJHB8 |
Security type: Class B
| Amount | AUD 17,500,000.00 |
| Coupon Details | BBSW1M + 230bps |
| Initial Rating | "AA" S&P |
| ISIN | AU3FN0027751 |
Security type: Class C
| Amount | AUD 6,750,000.00 |
| Coupon Details | BBSW1M + 285bps |
| Initial Rating | "A" S&P |
| ISIN | AU3FN0027769 |
Security type: Class D
| Amount | AUD 1,750,000.00 |
| Coupon Details | BBSW1M + 400bps |
| Initial Rating | "BBB" S&P |
| ISIN | AU3FN0027777 |
Security type: Class E
| Amount | AUD 2,250,000.00 |
| Coupon Details | BBSW1M + 625bps |
| Initial Rating | Not rated |
| ISIN | AU3FN0027785 |
View other TORRENS programmes
Additional information
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