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 & Japanese Capital Requirement
Please see below for details.
Summary of notes
| Issue Date | 22 April 2021 |
| Issuance Volume | AUD 1,000,000,000.00 |
| Monthly Distribution Date | 9th Day of Each Month or Next Business Day |
Security type: Class A1
| Amount | AUD 920,000,000.00 |
| Coupon Details | BBSW1M + 60bps |
| Initial Rating | "AAA" S&P, "AAA" Fitch |
| ISIN | AU3FN0059440 |
Security type: Class A2
| Amount | AUD 27,500,000.00 |
| Coupon Details | BBSW1M + 80bps |
| Initial Rating | "AAA" S&P, "AAA" Fitch |
| ISIN | AU3FN0059457 |
Security type: Class AB
| Amount | AUD 8,000,000.00 |
| Coupon Details | BBSW1M + 100bps |
| Initial Rating | "AAA" S&P, "AAA" Fitch |
| ISIN | AU3FN0059465 |
Security type: Class B
| Amount | AUD 16,500,000.00 |
| Coupon Details | BBSW1M + 130bps |
| Initial Rating | "AA" S&P |
| ISIN | AU3FN0059473 |
Security type: Class C
| Amount | AUD 13,100,000.00 |
| Coupon Details | BBSW1M + 165bps |
| Initial Rating | "A" S&P |
| ISIN | AU3FN0059481 |
Security type: Class D
| Amount | AUD 7,100,000.00 |
| Coupon Details | BBSW1M + 255bps |
| Initial Rating | "BBB" S&P |
| ISIN | AU3FN0059499 |
Security type: Class E
| Amount | AUD 3,600,000.00 |
| Coupon Details | BBSW1M + 470bps |
| Initial Rating | "BB" S&P |
| ISIN | AU3FN0059507 |
Security type: Class F
| Amount | AUD 4,200,000.00 |
| Coupon Details | BBSW1M + 600bps |
| Initial Rating | Not Rated |
| ISIN | AU3FN0059515 |
View other TORRENS programmes
TORRENS Series 2014-1 Trust
TORRENS Series 2014-2 Trust
TORRENS Series 2015-1 Trust
TORRENS Series 2016-1 Trust
TORRENS Series 2017-1 Trust
TORRENS Series 2017-2(P) Trust
TORRENS Series 2017-3 Trust
TORRENS Series 2019-1 Trust
TORRENS Series 2019-2 Trust
TORRENS Series 2021-2 Trust
TORRENS Series 2022-1 Trust
Things you should know
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