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TORRENS Series 2019-2 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 22 November 2019
Issuance Volume AUD 1,000,000,000.00
Monthly Distribution Date 15th Day of Each Month or Next Business Day

Security type: Class A

Amount AUD 920,000,000.00
Coupon Details BBSW1M + 105bps
Initial Rating "AAA(sf)" S&P, "AAA" Fitch sf
ISIN AU3FN0051223

Security type: Class AB

Amount AUD 43,000,000.00
Coupon Details BBSW1M + 150bps
Initial Rating "AAA(sf)" S&P, "AAA" Fitch sf
ISIN AU3FN0051280

Security type: Class B

Amount AUD 14,500,000.00
Coupon Details BBSW1M + 175bps
Initial Rating "AA(sf)" S&P
ISIN AU3FN0051231

Security type: Class C

Amount AUD 10,500,000.00
Coupon Details BBSW1M + 240bps
Initial Rating "A(sf)" S&P
ISIN AU3FN0051249

Security type: Class D

Amount AUD 5,000,000.00
Coupon Details BBSW1M + 300bps
Initial Rating "BBB(sf)" S&P
ISIN AU3FN0051256

Security type: Class E

Amount AUD 7,000,000.00
Coupon Details BBSW1M + 575bps
Initial Rating Not Rated
ISIN AU3FN0051264

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