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 | 18 August 2017 |
| Issuance Volume | AUD 750,000,000 |
| Monthly Distribution Date | 14th of Each Month or Next Business Day |
Security type: Class A
| Amount | AUD 690,000,000 |
| Coupon Details | BBSW1M + 103bps |
| Initial Rating | 'AAA(sf') S&P, 'AAAsf'Fitch |
| ISIN | AU3FN0037438 |
Security type: Class AB
| Amount | AUD 21,375,000 |
| Coupon Details | BBSW1M + 175bps |
| Initial Rating | 'AAA(sf') S&P, 'AAAsf' Fitch |
| ISIN | AU3FN0037446 |
Security type: Class B
| Amount | AUD 14,625,000 |
| Coupon Details | BBSW1M + 215bps |
| Initial Rating | 'AA(sf)' S&P |
| ISIN | AU3FN0037453 |
Security type: Class C
| Amount | AUD 11,250,000 |
| Coupon Details | BBSW1M + 310bps |
| Initial Rating | 'A(sf)' S&P |
| ISIN | AU3FN0037479 |
Security type: Class D
| Amount | AUD 5,625,000 |
| Coupon Details | BBSW1M + 400bps |
| Initial Rating | BBB(sf) S&P |
| ISIN | AU3FN0037461 |
Security type: Class E
| Amount | AUD 7,125,000 |
| Coupon Details | BBSW1M + 590bps |
| Initial Rating | Unrated |
| ISIN | AU3FN0037487 |
View other TORRENS programmes
Additional information
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