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TORRENS Series 2021-1 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 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

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