ColCap Financial Group (ColCap), a leading Australian-headquartered non-bank lender, has priced a new record Australian non-bank residential mortgage-backed securities (RMBS) issue sized at $3 billion, just as it approaches a two-decade mortgage lending milestone.
The Triton Bond Trust 2026-2 RMBS transaction was upsized from an initial market guidance of $1 billion following strong demand from both international and domestic investors. The issue was secured over a diversified portfolio of prime Australian mortgages.
The $3 billion issue is the largest ever RMBS in Australian non-bank lending history, surpassing ColCap’s previous Australian record-breaking $2.7 billion RMBS earlier this year, when excluding recent large bank portfolio sales undertaken using securitisation structures.
The transaction brings ColCap’s total prime RMBS issuance over 20 years to approximately $37 billion through its Triton, Vermillion and Molossus programs in Australia and the UK, a story which began with its first home loan written in October 2006.
CEO and co-founder, Andrew Chepul, said ColCap had built a reputation over two decades as a trusted, programmatic prime RMBS issuer delivering financial outcomes for investors and distribution partners while providing competitive home loan choices for customers.
ColCap Co-founder and Chief Operating Officer, Ilias Pavlopoulos, said ColCap from the beginning wanted to make an impact through prime mortgage lending, by providing innovative product offerings in areas that are often underserved by Australia's banks.
Now with $23 billion in assets under management, and with lending operations in Australia and the UK, he said it was the long-term relationships forged with mortgage managers and brokers, as well as its investors, that had made ColCap's growth and success possible.
"Underpinning ColCap’s 20-year growth story has been our multi-channel distribution strategy. This included the acquisition of the oldest mortgage management book in Australia, Origin Mortgage Management Services (Origin MMS), from ANZ Bank back in 2012."
As well as reaching end customers through mortgage manager distribution partners via Origin MMS, ColCap offers home loans to brokers directly through its Granite and Molo Finance brands in Australia and the UK, and via white label offering Zeus by LMG with aggregation firm LMG, which recently celebrated $1 billion in originations less than 12 months after launch. ColCap’s distribution footprint also includes online mortgage lender Homestar Finance, principal sponsor of Big Bash League cricket team Sydney Thunder for nine years, and Austrata Finance, which provides finance to strata owners corporations.
ColCap Treasurer, David Carroll, said the record investor appetite was supported by the extremely strong collateral performance of the issue’s underlying mortgage portfolio, which is a true vanilla prime portfolio with an average Loan-To-Value (LTV) ratio of just over 64%.
ColCap will continue to look at bringing new innovative solutions to the market where it will serve the needs of prime borrowers in Australia and the UK. Andrew Chepul said the group also sees strategic possibility in further expanding distribution partnerships.
National Australia Bank acted as Arranger and as a lead manager, with additional lead managers Commonwealth Bank of Australia, DBS Bank, Deutsche Bank, Natixis, RBC Capital Markets, Standard Chartered Bank, United Overseas Bank and Westpac Institutional Bank.
For more information contact:
ColCap Financial
David Carroll (Treasurer)
Tel: +61 412 616 641
Email: [email protected]
Katrina Hamilton (Head of Marketing)
Tel: +61 401 536 995
Email: [email protected]
About ColCap Financial Group
ColCap Financial is a leading Australian-headquartered non-bank lending group with $23 billion in assets under management in Australia and the UK. With a vision to deliver financial opportunities for lending customers, distribution partners and financial investors across global markets, ColCap Financial brings together deep expertise in residential property lending and funding with proven product innovation capabilities, making it a financial partner built to help people make financial possibilities happen.
For more information please visit: www.colcap.com.au
