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TORRENS Series 2019-1 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 2019
Issuance Volume AUD 1,000,000,000.00
Monthly Distribution Date 9th Day of Each Month or Next Business Day

Security type: Class A

Amount AUD 920,000,000.00
Coupon Details BBSW1M + 103bps
Initial Rating 'AAA(sf') S&P, "AAA" Fitch sf
ISIN AU3FN0048336

Security type: Class AB

Amount AUD 43,000,000.00
Coupon Details BBSW1M + 185bps
Initial Rating 'AAA(sf') S&P, "AAA" Fitch sf
ISIN AU3FN0048344

Security type: Class B

Amount AUD 15,500,000.00
Coupon Details BBSW1M + 205bps
Initial Rating 'AA(sf') S&P
ISIN AU3FN0048351

Security type: Class C

Amount AUD 10,000,000.00
Coupon Details BBSW1M + 275bps
Initial Rating 'A(sf') S&P
ISIN AU3FN0048369

Security type: Class D

Amount AUD 4,500,000.00
Coupon Details BBSW1M + 330bps
Initial Rating "BBB(sf)" S&P
ISIN AU3FN0048377

Security type: Class E

Amount AUD 7,000,000.00
Coupon Details BBSW1M + 600bps
Initial Rating Not Rated
ISIN AU3FN0048385

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