ColCap prices $700 million Triton 2024-2 RMBS

By June 20, 2024News

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ColCap Financial Limited (“ColCap”) is pleased to announce that it has successfully priced its latest Residential Mortgage-Backed Security (“RMBS”), namely the $700 million Triton 2024-2 issue which priced on 20 June 2024 and settles on 27 June 2024.

The transaction is noteworthy in that:

  • It was privately placed to a small group of local and international investors
  • The transaction included a Green tranche of $100 million, being 14% of the overall transaction, to support carbon reduction building and renovation projects
  • The 3 year weighted average life AAA tranche priced at 115bps, which is lower than the previous comparable transaction which settled in February 2024

ColCap’s Treasurer David Carroll said, “We are pleased with the results of today’s RMBS issuance and appreciate the reaffirmed confidence that our loyal investors have demonstrated in ColCap”

About ColCap

ColCap is a privately owned leading non-bank lender specialising in prime residential mortgage lending. ColCap was founded in 2006 and currently has a loan portfolio in excess of AUD $14.0 billion.

ColCap lends in Australia and the UK primarily through:

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

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