ColCap prices the $1.0 billion Triton 2023-1 RMBS

By February 15, 2023February 16th, 2023News

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ColCap Financial Limited (“ColCap”) today announced the successful pricing of the Triton Bond Trust 2023-1 Residential Mortgage-Backed Security (“RMBS”) which settles on 23 February.

Due to significant demand from both existing and new investors ColCap was able to double the size of its latest RMBS issue from $500 million to $1.0 billion. Strong investor demand saw total bids of $2.4 billion with healthy demand across all tranches. The AAA A1-AU tranche priced at a margin of 140 basis points over the one-month Bank Bill Swap Rate.

ColCap’s Co-Founder and Chief Executive Officer Andrew Chepul said “Our business has continued to grow strongly and perform well despite challenging market conditions. We are delighted by the confidence both existing and new debt investors have shown in us with the significant demand for our latest RMBS issue.”

About ColCap

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 $12.4 billion.

ColCap lends primarily through:

  • the Wholesale lending brand Origin Mortgage Management Services, which primarily services mortgage managers that offer white labelled mortgage loans;
  • the award-winning Retail lending brand Homestar Finance, which primarily offers mortgage loans direct to borrowers; and
  • the Broker lending brand Granite Home Loans, which offers selected loan products to borrowers utilising aggregators and mortgage brokers.

ColCap is also a nascent residential mortgage lender in the United Kingdom, and significant shareholder in Austrata Finance which is an innovative new provider of strata loans in Australia.

Columbus Capital rebranded as ColCap with effect from September 2021.

For further information
David Carroll (Treasurer)
Tel: +61 2 9273 8132