AI assistant
FSA GROUP LIMITED — Capital/Financing Update 2019
Dec 17, 2019
64948_rns_2019-12-17_cfb893fc-fb2d-458e-8ddc-0c4c9a8c02b5.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
FSA GROUP LIMITED
18 December 2019
FSA Group prices and settles $200 million RMBS deal
FSA Group is pleased to announce that it has priced and settled its inaugural $200 million issue of non-conforming residential backed mortgage securities (RMBS) via sole arranger and manager Westpac Banking Corporation. The issue was made via FSA Group’s special purpose vehicle, Fox Symes Home Loans 2019-1 PP Trust.
FSA Group’s Executive Director Tim Odillo Maher said
“The completion of our first RMBS transaction is a significant achievement and endorsement of our high-quality loan origination and specialist servicing skills, developed over our 12 year operating history. Accessing the debt capital markets is a key step in our strategy of diversifying our funding and de-risking the business. More importantly, it provides us with fresh funding capacity to pursue our home loan growth strategy over the next 5 years.
We thank the entire Westpac team and all of our fixed income investors and partners who participated in this inaugural transaction and look forward to becoming a regular issuer in the Australian debt capital markets in the future”.
==> picture [123 x 365] intentionally omitted <==
==> picture [391 x 33] intentionally omitted <==
This ASX announcement has been authorised for and on behalf of the FSA Group Board by: Tim Odillo Maher, Executive Director
For more information, please contact: Tim Odillo Maher Executive Director +61 2 8985 5090 [email protected]
FSA Group Limited Head Office Level 3, 70 Phillip Street Sydney, NSW, 2000
Phone: 1300 660 032 Fax: 1300 660 050
ASX Code: FSA