ColCap Opens Australian RMBS With $1.5bn RMBS Transaction

By February 10, 2021October 26th, 2022News


Latest Triton RMBS is Australian market’s first in 2021 and ColCap’s largest RMBS
issuance to date

Columbus Capital (“ColCap”), a leading non-bank prime lender specialising in Australian
residential mortgage lending, today announced the pricing of its $1.5 billion prime residential
mortgage-backed security (“RMBS”), known as Triton 2021-1.

The transaction is the Australian market’s first RMBS in 2021 and represents ColCap’s
largest issuance to date.

Strong local and international demand for the transaction, including from major banks and
institutional investors, saw it close significantly oversubscribed. This reflects continued
investor confidence in the high-quality asset portfolio underpinning ColCap’s Triton RMBS
programme and ColCap’s strong momentum in the Australian RMBS market, where the
Company has a 14-year track record. Pricing on the senior amortising note is the lowest
achieved by non-ADI issuers since the Global Financial Crisis.

The transaction is ColCap’s 19th prime RMBS issuance and takes the Company’s total
issuance to over $10 billion, with $3.9 billion issued since the beginning of 2020. This
includes two world-first RMBS: one consisting of 100% self-managed super fund-borrowers,
and another award-winning 100% non-resident borrower RMBS.

ColCap CEO, Andrew Chepul said: “We are proud to lead the Australian RMBS market out of
the blocks in 2021, with ColCap’s largest and lowest-priced issuance to date. ColCap is one
of Australia’s fastest-growing non-bank prime lenders, and this $1.5 billion issuance – which
takes our total prime RMBS issuance to over $10 billion in our 14-year history – positions our
business very strongly for further growth in 2021.”

ColCap Treasurer, David Carroll said: “The strong demand for this transaction enabled
ColCap to both upsize and reduce pricing on all tranches. This shows investors remain highly
confident in the quality and performance of the assets underpinning our Triton RMBS
programme, and the track record of ColCap in the Australian RMBS market.”

About ColCap
ColCap (formerly Columbus Capital) is a leading non-bank financial institution specialising in
Australian prime residential mortgage lending and trust management.

Founded in 2006, ColCap is an Australian-owned company that lends in Australia primarily
through its wholesale lending brand Origin Mortgage Management Services, which services
mortgage managers; and its online direct to consumer retail home loan brand Homestar.

ColCap currently has a prime residential mortgage portfolio of more than $7 billion and has
successfully issued over $10 billion of RMBS in its 14-year history.

About Homestar
Homestar Finance has an excellent range of home loan products which have received
recognition from some of the leading industry rating platforms such as Canstar and Mozo, as
well as the following awards from RateCity in 2021:

  • Best Home Loan for the product Star Essentials Home Loan
  • Best Home Loan over $1 million for the product Owner Occupied Home Loan
  • Best Investor Home Loan for the product Investment Property Home Loan
  • Best Refinance Home Loan for the product Star Gold Home Loan
  • Best 3 Year Fixed P&I for the product Star Classic Owner Occupied Fixed Special
  • Best 3 Year Investor Fixed P&I for the product Star Classic Investment Fixed Special

For further information:
Peter Brookes
+61 2 8234 0104

Ryan Thompson
+61 2 8234 0101