ColCap Financial Limited (“ColCap”) today announced the successful pricing of the Triton Bond Trust 2022-3 Residential Mortgage-Backed Security (“RMBS”) which settles on 7 September.
In difficult funding market conditions ColCap was able to increase the size of its latest RMBS issue from $750 million to $1.1 billion due to significant demand from both existing and new investors. The 3-year AAA A1-AU tranche priced at a margin of 155 basis points over the one-month Bank Bill Swap Rate.
ColCap’s latest RMBS issue is the equal largest Australian RMBS since the Reserve Bank of Australia cash rate target increases commenced in May, and brings ColCap’s total RMBS issuance to date to 25 and a total of $17.2 billion.
ColCap’s Co-Founder and Chief Executive Officer Andrew Chepul said “Our business has continued to grow rapidly and perform strongly despite more challenging market conditions of late. We are delighted by the performance of our portfolio and the confidence both existing and new debt investors have shown in us with their strong support for our latest RMBS issue.”
ColCap is a privately owned leading non-bank lender specialising in prime Australian residential mortgage lending. ColCap was founded in 2006 and currently has a loan portfolio in excess of $11.5 billion.
ColCap lends primarily through:
- the Wholesale lending brand Origin Mortgage Management Services, which services mortgage managers that offer white labelled mortgage loans;
- the award-winning Retail lending brand Homestar Finance, which offers mortgage loans direct to borrowers currently from as low as 3.58%1; and
- the Broker lending brand Granite Home Loans, which offers selected loan products to borrowers utilising aggregators and mortgage brokers.
ColCap is also a significant shareholder in Austrata Finance which is an innovative new provider of strata loans.
Columbus Capital rebranded as ColCap with effect from September 2021.