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TORRENS Series 2015-1 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 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

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