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TORRENS Series 2016-1 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 18 August 2016
Issuance Volume AUD 700,000,000.00
Monthly Distribution Date 18th of Each Month or Next Business Day

Security type: Class A

Amount AUD 644,000,000.00
Coupon Details BBSW1M + 133bps
Initial Rating "AAA" S&P, "Aaa" Moody's
ISIN AU3FN0032124

Security type: Class B

Amount AUD 42,000,000.00
Coupon Details Undisclosed
Initial Rating A+ S&P
ISIN AU3FN0032132

Security type: Class C

Amount AUD 14,000,000.00
Coupon Details Undisclosed
Initial Rating Not Rated
ISIN AU3FN0032140

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